Penguin Solutions Inc.
Penguin Solutions Reports Fiscal 2024 Results and Announces Name Change
Summary
Penguin Solutions, Inc. reported its fourth quarter and full year fiscal 2024 financial results, showing a net loss for the year and a sequential decline in revenue. The company also announced a name change from SMART Global Holdings, Inc. to Penguin Solutions, Inc., effective October 15, 2024. A reconciliation of GAAP to non-GAAP measures is provided in the press release, which is furnished as Exhibit 99.1.
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Exhibits (2)
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About Penguin Solutions Inc.
Penguin Solutions Inc. is a cutting-edge technology company that focuses on providing innovative engineering services and software solutions. Headquartered in the United States, Penguin Solutions specializes in high-performance computing, cloud enablement, and electronic design automation. The primary function of the company is to support businesses in enhancing their technological capabilities by offering tailored solutions that streamline operations and improve efficiency. Penguin Solutions is integral to sectors such as telecommunications, aerospace, and automotive industries, where precision and high-efficiency computing are critical. The company is a notable player in the financial market due to its role in pioneering advancements in software and hardware integration, making it a valuable partner for enterprises looking to keep pace with rapid technological changes. Through its diverse portfolio, Penguin Solutions fosters significant improvements in productivity, contributing substantially to technological innovation and implementation across various industries.
Official SEC Documents
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