India, Aug. 11 -- Super Micro Computer, Inc. (SMCI) on Tuesday reported a sharp increase in fourth-quarter profit, as strong demand for AI infrastructure drove a significant increase in sales and margins.
Net income attributable to common stockholders was $1.17 billion, or $1.62 per share, compared with $195.2 million, or $0.31 per share, a year earlier.
Adjusted earnings per share rose to $1.70 from $0.41 a year earlier.
For the quarter, net sales rose to $11.12 billion from $5.76 billion a year earlier. Gross margin expanded to 17.5% from 9.5%.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Operating expenses increased to $454.6 million from $315.7 million, including higher research and developme...