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|SanDisk Announces Second Quarter 2014 Results|
Delivers Record Second Quarter Revenue, Gross Margin and Net Income
On a GAAP(1) basis, second quarter net income was
$274 million, or
On a non-GAAP(2)(3) basis, second quarter net income was
$329 million, or
“We are pleased to deliver record second quarter revenue in both
enterprise and client SSDs, as well as retail products,” said
SanDisk’s second quarter of fiscal 2014 conference call is scheduled for
2:00 P.M., Pacific Daylight Time,
This news release contains certain forward-looking statements, including those regarding our business prospects, market growth, our intended financial and strategic plans, our continued focus on our strategic priorities and our ability to execute on those priorities, our anticipated momentum for a record year in 2014, technology and product introductions and wafer production, that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate.
Risks that may cause these forward-looking statements to be inaccurate include, among others:
(1) GAAP represents U.S. Generally Accepted Accounting Principles.
(2) Non-GAAP represents GAAP excluding the impact of share-based compensation, amortization of acquisition-related intangible assets, non-cash economic interest expense associated with our convertible debt and related tax adjustments.
(3) Non-GAAP shares include the impact of offsetting shares from the call option related to the 1.5% Sr. Convertible Notes due 2017 and the impact of share-based compensation.