[UPDATE] OCZ Wants to Double SSD Production Capacity

This being the earnings season, OCZ, like so many others, published its financial performance for the latest quarter, but it looks like it already known what it wants to do next. It appears that this is the time when IT companies take turns at outlining their financial status, citing revenue levels, profits and other such things.

OCZ, unlike Samsung, seems to have done rather well as far as sales go, mostly thanks to the good things on the SSD front.

"Within SSDs, consumer grade products decreased to 3% of revenues from 7% in Q4, reflecting less emphasis in this area. Enterprise class products in Q1 grew by about 250% from last year and accounted for nearly 12% of our SSD revenue,” said Arthur Knapp, chief financial officer of OCZ, during a conference call with financial analysts.

“Server and high-performance products were approximately 85% of the Q1 SSD sales and had a year to year growth rate of nearly 490%."

One thing that may have influence this outcome is how OCZ has been increasing its manufacturing capacities since May.

The company intends to keep at it until its production capacity has essentially doubled, relying on new SMT (surface mount technology) lines.

This means that, instead of the current 140,000 SSDs each month, the outfit may come to manufacture 280,000 within the next three months.

"We recently discussed our plans to increase manufacturing capacity and I am happy to report that we are on track to bring our new facilities online, which will increase our ability to fulfill demand for our products and better meet the needs of our OEM clients in the second half of fiscal FY2012,” said Ryan Petersen, chief executive officer of OCZ.

“We have increased our R&D work resources significantly and continued to add key individuals to directly target enterprise data center and OEM clients."

UPDATE: Revized the title to better reflect the topic.

View the original article here