Emulex Announces Preliminary Second Quarter Results

Emulex Corporation (NYSE:ELX) recently announced preliminary results for its second quarter of fiscal 2012, which ended on January 1, 2012.

Second Quarter Financial Highlights

Total net revenues of $127-$128 million exceeding the high end of guidance of $121-$127 million

Network Connectivity Products (NCP) net revenue increased approximately 10 percent sequentially representing approximately 75 percent of net revenues

Storage Connectivity Products (SCP) net revenue increased approximately 13 percent sequentially representing approximately 20 percent of net revenues

GAAP diluted earnings per share of $0.15-$0.16 compared to a GAAP loss per share of $0.08 in the first quarter of 2012

Non-GAAP diluted earnings per share of $0.24-$0.25 an increase of more than 80 percent sequentially and exceeding the high end of guidance of $0.17-$0.20

Calendar year 2011 revenues of $481-$482 million, an increase of approximately 14 percent year-over-year growth

Successfully executed recovery plans from the Thailand flooding, restoring full production capacity within the quarter

Emulex expects to announce its final second quarter financial and operating results on January 26, 2012 and will provide additional information and commentary during its regularly scheduled quarterly conference call after the market closes on that date.

Emulex, the leader in converged networking solutions, provides enterprise-class connectivity for servers, networks and storage devices within the data center. The Company's product portfolio of Fibre Channel host bus adapters, network interface cards, converged network adapters, controllers, embedded bridges and switches, and connectivity management software are proven, tested and trusted by the world's largest and most demanding IT environments. Emulex solutions are used and offered by the industry's leading server and storage OEMs including, Cisco, Dell, EMC, Fujitsu, Hitachi, Hitachi Data Systems, HP, Huawei, IBM, NEC, NetApp and Oracle. Emulex is headquartered in Costa Mesa, Calif., and has offices and research facilities in North America, Asia and Europe.

More about ELX at www.Emulex.com

Read the full article at: http://crwewallstreet.com/22557/stock-alerts/elx-cv-cxo-gblhf-cbt-featur...

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