Supermicro has released its Q4 financial results for the fiscal year 2024, ending in June. Total sales reached $5.308 billion, a 143% increase from the same quarter the previous year. The company reported a net profit of $353 million according to GAAP accounting standards.
In a statement, Charles Liang, Chairman and CEO of Supermicro, highlighted the high demand for products throughout the past fiscal year, particularly in the server infrastructure sector to support AI workloads. The company remains committed to becoming the largest IT infrastructure company, leading in technology innovation, advanced cooling systems, and data center installation solutions.
Additionally, Supermicro announced a stock split of 1 old share into 10 new shares (10-for-1), effective October 1.
TLDR: Supermicro reports strong financial performance in Q4 2024 with sales up 143%, net profit of $353 million. Charles Liang emphasizes focus on AI infrastructure and announces a stock split effective October 1.
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