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Supermicro's Sales Quadruple as Cash Drains: Rapid Earnings Reaction
Source: fool.com
Corporate EarningsCompany Fundamentals
Sales nearly quadrupled to $19.9 billion, while gross margin fell nearly 5 percentage points from the prior quarter. Supermicro earned $1.6 billion but burned cash as inventory and receivables grew; customer deposits offset only about half of the cash outflow.
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