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0.0275510204081632 0.010204081632653 0.058673469387755 0.0520408163265306 0.0738775510204082 0.086734693877551 0.137755102040816 0.130102040816327
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Penguin Solutions Reports Q1 Fiscal 2025 Financial Results

Penguin Solutions, Inc. (PENG) 
Company Research Source: Business Wire
Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing MILPITAS, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the first quarter of fiscal 2025.First Quarter Fiscal 2025 HighlightsNet sales of $341 million, up 24.4% versus the year-ago quarterGAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarterNon-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarterGAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarterNon-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter“Our strong performance this quarter, highlighted by a 49% year-over-year increase in Advanced Computing revenue, reflects the continued execution of our strategy to support customers navigating the complexities of AI infrastructure implementation,” said Mark Adams, CEO of Penguin Solutions. “Our approach as a provider of differenti Show less Read more
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