Financial OutlookA new target sees revenue doubling to $3 billion and earnings per share increasing more than four times to $15, with a gross margin target of over 43%, which is incrementally positive.
Market Growth PotentialIn the Data Center, the focus on high-end, proprietary applications is expected to drive profitable growth.
Operational PerformanceGross margins are expected to accelerate over the next couple quarters, a testament to management's operational improvements during the downcycle and integration of acquired businesses including Artesyn.