SMART Global Holdings, Inc. Ordinary Shares - SGH STOCK NEWS

Penguin Solutions, a brand of SGH (Nasdaq: SGH), announced a significant update to its Scyld ClusterWare software, version 12.0, aimed at improving cluster management for high-performance computing (HPC) and AI workloads.

This release enhances scalability, simplifies provisioning, and boosts performance, allowing administrators to efficiently manage larger compute clusters. New features include a web console with an improved user interface, Git Repos-as-a-Service for automation, and Config-less Slurm for easier job scheduling.

With this version, Penguin Solutions continues to address the evolving needs of customers in the HPC sector, underlining its long-standing commitment to providing innovative solutions.

SMART Modular Technologies, a subsidiary of SGH, has launched the new T6CN family of PCIe Gen 4.0 NVMe SSDs, designed for defense, industrial, and telecommunications applications. Offering capacities ranging from 960GB to 16,360GB, the T6CN SSDs provide superior performance with speeds up to 3,500MB/s for sequential reads and 3,200MB/s for writes. This product enhances SMART's ruggedized SSD portfolio, featuring advanced technologies like LDPC error correction and power failure protection. The T6CN family is subject to 100% burn-in testing to ensure reliability under extreme conditions. These innovations aim to meet evolving demands for higher performance and capacity in rugged environments.

Stratus Technologies has announced the launch of its next generation Stratus ftServer, delivering a significant 25% increase in performance. The upgraded platforms feature more CPU cores, enhanced processing power, and improved networking capabilities, making them suitable for advanced software deployment and edge-core-cloud architectures. Key enhancements include updated Intel Xeon processors, increased bandwidth for Storage Area Networks, and expanded networking options. Available in four configurations, the ftServer platforms cater to various applications such as industrial automation and transaction processing. Stratus emphasizes their commitment to reliability, offering continuous availability and strong support services for mission-critical applications.

SMART Global Holdings (SGH) has appointed Michael Wellman as the new Chief Human Resources Officer. Wellman will lead the company's global HR efforts, focusing on implementing employee programs aimed at enhancing engagement and motivation.

With over 20 years of experience in HR leadership roles at companies like TTEC, WellCare Health Plans, and Sitel Corporation, Wellman is set to contribute positively to SGH's culture and transformation initiatives. CEO Mark Adams expressed confidence in Wellman's ability to drive organizational success through a people-first approach.

This strategic hire aligns with SGH's commitment to fostering a robust employee-centric environment while pursuing long-term growth in the technology sector.

SMART Global Holdings, Inc. (SGH) reported its second quarter fiscal 2023 results, showing net sales of $429 million, a decrease of 4.5% year-over-year. The company achieved a GAAP gross margin of 25.7%, improving by 60 basis points from the previous year, and a non-GAAP gross margin of 28.9%, which is up 290 basis points. SGH's GAAP EPS was $(0.55), down from $0.04 a year ago, while non-GAAP EPS was $0.76, compared to $0.87 a year prior. The company ended the quarter with $376 million in cash equivalents and expressed confidence in growth opportunities driven by advancements in AI and data analytics.

SMART Modular Technologies, a division of SGH, has launched its new T6CN family of PCIe NVMe SSDs, designed for defense, industrial, and telecommunications applications. The SSDs deliver high performance with capacities ranging from 960GB to 16,360GB and speeds up to 3,500MB/s Sequential Read and 3,200MB/s Sequential Writes. The T6CN SSDs are compatible with PCIe Gen 4.0 technology, offering significantly faster data transfer rates than SATA III. They come with advanced features, including Power Failure Protection and robust error correction. These enhancements position the products well in the rugged SSD market.