SGH news

SGH

SMART Global Holdings closed a deal to buy Stratus Technologies, a provider of fault-tolerant servers for data centers. SGH paid $225 million in cash and will pay up to $50 million more, depending on Stratus' gross margins for the first full 12 fiscal months.

SGH

SMART Global Holdings is acquiring Stratus Technologies, a provider of fault-tolerant data center servers. SGH will pay $225 million in cash and up to $50 million more, depending on Stratus' gross margins for the first full 12 fiscal months. The deal is scheduled to close in the second half of 2022.

SGH

SGH's GAAP net income for 9 months of fiscal year 2022 was $48.165 million, up 39 times from $1.217 million in the previous year. Revenues increased 33.8% to $1.382 billion from $1.033 billion a year earlier.

SGH

SGH's GAAP net income for 6 months of fiscal year 2022 was $23.67 million, up 3.07 times from $7.871 million in the previous year. Revenue increased 54.3% to $919.115 million from $595.705 million a year earlier.

SGH

SGH's board of directors has approved a 2-to-1 split of the company's shares. SGH shareholders will receive one additional share for each of their securities on February 1, 2022.

SGH

SGH's GAAP net income for the 3 months of fiscal year 2022 was $20.698 million, up 10.2 times from $2.027 million in the previous year. Revenue increased 61.1% to $469.944 million from $291.697 million a year earlier.

SGH

SGH's GAAP net income for fiscal year 2021 was $22.506 million, compared to a loss of $1.143 million in the previous year. Revenue increased 33.8% to $1.501 billion from $1.122 billion a year earlier.

SGH

SMART Global changed its name to SGH. The company also changed its logo to include a "+" sign, symbolizing SGH's commitment to adding value to every area of its business.

SGH

SMART Global Holdings' GAAP net income for 9 months of fiscal year 2021 was $1,217 million, compared to a loss of $8,671 million in the previous year. Revenue increased 25.2% to $1.033 billion from $0.825 billion a year earlier.

SGH

SMART Global Holdings' GAAP net income for 6 months of fiscal year 2021 was $7.871 million, compared to a loss of $9.496 million in the previous year. Revenue increased 9.5% to $595.705 million from $544.06 million a year earlier.