Avago: Fiscal 3Q15 Financial Results
Q/Q growth of 26% for enterprise storage with LSI and Emulex
This is a Press Release edited by StorageNewsletter.com on August 31, 2015 at 3:18 pmAvago Technologies Limited reported financial results for the third quarter of its fiscal year 2015, ended August 2, 2015.
For enterprise storage only
| (in $ million) | 3Q14 | 3Q15 |
| Revenues | 404 | 588 |
| Growth | 46% |
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Abstracts of the earnings call transcript:
Hock Tan, president and CEO:
"Moving onto enterprise storage, starting with third fiscal quarter, the enterprise storage segment includes Emulex FC conductivity products. And in this third quarter, enterprise storage revenue grew 26% sequentially, and enterprise storage represented 34% of our total revenue from continuing operations. Much of the strong sequential growth was due to the addition of Emulex in the third quarter, but our other enterprise storage business also grew organically in the high single-digits sequentially. We experienced strong sequential growth also in custom flash controllers, as that product line to continues to ramp very nicely.
"Our server storage connectivity business continued to trend positively, with solid demand for 12Gb RAID and SAS products, and strong shipments for our PCIe solutions. Looking towards fourth quarter 2015, we expect enterprise storage to continue its momentum. Revenue growth is projected in the low to mid single-digits sequentially, driven by the forecast seasonal uptick in hard disk drive end market, but more importantly, sustained demand in our server storage connectivity businesses."
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