2CRSI 2CRSI SA

2CRSi to Conquer the United States and Asia With the Recruitment of Wally Liaw as President

Regulatory News:

2CRSi (Paris:2CRSI) announces the appointment of Wally Liaw as President of 2CRSi Corporation. This appointment is an important milestone in the achievement of 2CRSi's global growth ambitions. Wally will be responsible for the United States but also East Asia.

Wally Liaw (Yih-Shyan Liaw) is one of the three co-founders of Supermicro (Super Micro Computer, Inc, NASDAQ: SMCI): until he left the group in 2018, Wally Liaw was a member of the Board of Directors (since Supermicro's creation in September 1993), Corporate Secretary and Vice President in charge of International Sales. In 2019, Supermicro, a world leader in computer servers, generated sales of more than $3.5 billion, a CAGR of 21% over 10 years.

"We are delighted with the arrival of Wally, who will contribute to accelerating our development in the US and Far East markets. His personal knowledge of the main players in our markets and his recognized experience are key assets that will enable us to achieve our ambitious goals: providing very large computing power capacities compatible with a sustainable and reasoned development”, said Alain Wilmouth, co-founder of 2CRSi.

Wally Liaw, President of 2CRSi Corporation, added: "I am very proud to join 2CRSi, which designs servers with proven performance and energy efficiency. With the integration of Boston Limited, the Group benefits from strong industrial and commercial fundamentals to establish itself as one of the leaders in its market. I am thrilled to engage in this new challenge.”

Next event: publication of the 2019/2020 results on July 8, 2020 post trading.

- END -

About 2CRSi

Founded in Strasbourg (France), 2CRSi group develops, produces and sells high-performance customised and environmentally-friendly servers. In the financial year 2019/2020, the Group achieved pro forma turnover of €144.6m. The Group today has 352 employees and markets its offer of innovative solutions (processing, storage and network) in more than 45 countries. 2CRSi has been listed since June 2018 on the regulated market of Euronext in Paris (ISIN Code: FR0013341781) and is included in the European Rising Tech label. For further information please visit:

EN
04/06/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on 2CRSI SA

Anis Zgaya ... (+2)
  • Anis Zgaya
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 27/03/2024 Date Performance dep...

Rieter est leader mondial dans les équipements de filature à fibres courtes destinés au marché textile. Il s’agit d’une activité à cycles courts (4 ans en moyenne) dont l’exercice 2024 devrait représenter un point bas avec un CA proche de 1 MdCHF (-28% y-o-y). Le programme de performance « Next Level », présenté en juillet 2023, devrait permettre de réduire la cyclicité du business model et de revenir sur des niveaux normatifs de rentabilité (c. 6% de marge d’EBIT). Rieter est donc en...

Anis Zgaya ... (+2)
  • Anis Zgaya
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 03/27/2024 Date Performance sin...

Rieter is the world’s leading supplier of short-staple fibre spinning equipment designed primarily for textile, a short-cycle business that spans four years on average. The group is set to hit a low in 2024 with close to CHF 1bn in revenues, down 28% YoY. Next Level, a performance programme presented in July 2023, should enable the group to reduce the cyclicality of its business model and return to normal profitability with around 6% in EBIT margin. Rieter is indeed on track to embark...

Gautier Le Bihan ... (+2)
  • Gautier Le Bihan
  • Nicolas Thorez

2CRSI : Fresh orders at GTC: € 150m sales target for 2023-2024 looks t...

>New server sales for AI for $ 29.3m - 2CRSi took part in the GTC Nvidia (GPU Technology Conference), an event organised by Nvidia from 17 to 21 March. The event was an opportunity for 2CRSi to develop its commercial relations with several clients and even finalise an order for GODi 1.8 servers for $ 29.3m. This also comes with an option for two orders similar to the first, potentially delivering an additional $ 60m or so. Demand for 40,000 H100 chips to ...

Gautier Le Bihan ... (+2)
  • Gautier Le Bihan
  • Nicolas Thorez

2CRSI : De nouvelles commandes lors du GTC : l’objectif de CA de 150 M...

>Nouvelles ventes de serveur pour l’IA pour 29.3 M$ - 2CRSi a participé au GTC Nvidia (GPU Technologie Conference), un salon organisé par Nvidia du 17 au 21 mars. Au cours de cet évènement 2CRSi a pu développer ses relations commerciales avec de nombreux clients et cela a même été l’occasion pour la société de finaliser une commande pour des serveurs GODi 1.8 d’un montant de 29.3 M$. Celle-ci est également assortie d’une option pour 2 commandes semblables à la premièr...

Benoit Valleaux ... (+3)
  • Benoit Valleaux
  • Steven Gould
  • Thomas Zlowodzki

ODDO BHF Small & MIDCAP MORNING NEWS - 03/14/2024

Banks tick all the boxes in the market’s current configuration: search for discounted sectors, cyclical momentum, sectors driven by long-term interest rates that remain high and shareholder returns through very high dividend yields. Technical analysis reveals a strong conviction since early March, and this should continue. We prefer banks in southern Europe, where the macro outlook is brighter. Alongside CaixaBank, which we are maintaining in our list of European Large Cap stocks, we ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch