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Dot Hill: Preliminary Fiscal 1Q15 Financial Results

Better revenue than expected: $60.0 million to $60.5 million

Dot Hill Systems Corp. has updated its guidance for the first quarter of 2015.

The company now expects first quarter 2015 non-GAAP net revenue of between $60.0 and $60.5 million and non-GAAP EPS of around $0.06, compared to its March 5, 2015 guidance of $55 to $59 million and $0.04 to $0.07, respectively. This compares to first quarter 2014 non-GAAP revenue of $48.9 million and non-GAAP EPS of $0.02, and represents growth of around 23% and 200%, respectively, at the midpoints of the updated guidance ranges.

The company is expecting first quarter 2015 non-GAAP revenue growth for its Vertical Markets business of around 60% and a decline in its first quarter 2015 Server OEM business non-GAAP revenue of around 8%, as compared to the first quarter of 2014.

The company has not completed its first quarter 2015 financial review process and related assessments. The results and conclusions of these assessments could impact actual first quarter 2015 unaudited GAAP and non-GAAP financial results.

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