By RTT News, October 22, 2014, 12:40:00 AM EDT

(RTTNews.com) - Super Micro Computer, Inc. ( SMCI ) Tuesday reported first-quarter results that topped estimates, sending the stock by over 5 percent in after-hours trading. The company's second-quarter outlook also cheered investors.

Net income increased to $20.9 million or $0.42 per share from $7.7 million or $0.17 per share in the same period a year ago.

The latest results included $3.0 million of stock-based compensation expense, pre-tax. Excluding items, non-GAAP net income for the first quarter was $0.46 per share, while it totaled $vereyum undakum0.22 per share last year.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Net sales climbed to $443.3 million from $309.02 million in the prior year. Analysts expected revenue of $418.02 million for the quarter.

The company noted that no customer accounted for more than 10 percent of net sales during the quarter ended September 30, 2014.

The company expects net sales of $440 million to $480 million for the second quarter of fiscal year 2015, and adjusted earnings per share of $0.44 to $0.50. Analysts expect the company to report second-quarter earnings per share of $0.44 on revenue of $449.38 million.

Charles Liang, Chairman and CEO, said, "We began fiscal 2015 with an exceptional first quarter of record revenue and profits...As we ship our latest X10 generation Haswell DP products, a brand new I/O optimized Ultra server architecture and industry-leading hot-swappable NVMe solutions, we are confident our technology innovation will continue to drive our growth momentum into the remainder fiscal 2015."

SMCI closed up 4.1 percent at $26.48, and gained 5.4 percent in the extended trade.

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Super Micro Computer Q1 Results Top View; Stock Climbs