OCZ Technology Q3 Revenue Increased 8% Over Last Year
OCZ Technology Group has reported its third quarter results for the fiscal year 2010, which ends on February 28, 2010. Revenue during the fiscal 2010 third quarter increased 8% over the same period last year, exceeding $38 million amid the companys shift in focus to SSD and flash-based storage products. OCZ goes on to say that they expect overall growth in calendar 2010 as current demand for its products exceeds supply.
Ryan Petersen, President and Chief Executive Officer, commented: We are pleased to see that revenues showed a year-over-year increase during a period in which the company is shifting its emphasis for margin and revenue growth to the manufacturing and distribution of our next-generation SSD products, from our high-speed memory and power operations. We are dedicated to becoming a leader in the SSD market, and as indicated above, we expect this to increase our overall growth to 90-100%, with our SSD product mix growing to 70-80%.
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