Xyratex Ltd. reported adjusted EPS income of $0.1 per share. Company beat the mean analyst estimate of $-0.05.
Management quotes "Sales of our enterprise basis store solutions products in the second quarter were 169.3 million representing a decrease of 109.1 million or 39% compared to the second quarter of last year and down 4% compared with 176.6 million in our prior fiscal quarter.
The reduction from last year, as we've discussed previously, primarily reflects changes in sourcing by certain of our major customers, particularly the proportional product volume shift as per our annually decline in contract with our previous largest customer -- sales of our capital equipment products in the second quarter were 46.8 million up 7% compared to the second quarter of last year and up 146% compared to our prior fiscal quarter. We have experienced a significant level of customer orders in the quarter and are closed to full coverage of the fiscal year plan at this point.
Gross margin for Q2, 2013 was 21.8% compared to 16.5% in the same period a year ago and 18.9% in our prior fiscal quarter. The increase in the prior quarter was expected and was primarily due to a change in customer and product mix in both product segments. For Q2 2013 the gross margin of our enterprise data storage solutions products was 18.4% up from 16.3% a year ago and 17.8% in the prior quarter.
The increase as compared to last year primarily due to changes in customer and product mix including revenue from our corporate store product line offset by reduction in revenues from NetApp.
For Q2 2013 gross margin for the capital equipment products was 34.2% compared to 19% in the second quarter of last year and 28.9% in the prior quarter. The increase in gross margin in the quarter was due to product mix as well as improved operational efficiencies. "
Transcript here
Management quotes "Sales of our enterprise basis store solutions products in the second quarter were 169.3 million representing a decrease of 109.1 million or 39% compared to the second quarter of last year and down 4% compared with 176.6 million in our prior fiscal quarter.
The reduction from last year, as we've discussed previously, primarily reflects changes in sourcing by certain of our major customers, particularly the proportional product volume shift as per our annually decline in contract with our previous largest customer -- sales of our capital equipment products in the second quarter were 46.8 million up 7% compared to the second quarter of last year and up 146% compared to our prior fiscal quarter. We have experienced a significant level of customer orders in the quarter and are closed to full coverage of the fiscal year plan at this point.
Gross margin for Q2, 2013 was 21.8% compared to 16.5% in the same period a year ago and 18.9% in our prior fiscal quarter. The increase in the prior quarter was expected and was primarily due to a change in customer and product mix in both product segments. For Q2 2013 the gross margin of our enterprise data storage solutions products was 18.4% up from 16.3% a year ago and 17.8% in the prior quarter.
The increase as compared to last year primarily due to changes in customer and product mix including revenue from our corporate store product line offset by reduction in revenues from NetApp.
For Q2 2013 gross margin for the capital equipment products was 34.2% compared to 19% in the second quarter of last year and 28.9% in the prior quarter. The increase in gross margin in the quarter was due to product mix as well as improved operational efficiencies. "
Transcript here
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