Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Super Micro Computer Incorporated Second Quarter Fiscal 2016 Conference Call. The company's news release issued earlier today is available from its website at www.supermicro.com. In addition, during today's call, the company will refer to the slide presentation that is made available to participants, which can be accessed in a downloadable PDF format on its website at www.supermicro.com in the Investor Relations section under the Events & Presentations tab. During the company's presentation, all parties will be in a listen-only mode. Afterwards, securities analysts and institutional portfolio managers will be invited to participate in a question-and-answer session, but the entire call is open to all participants on a listen-only basis. As a reminder, this call is being recorded Thursday, January 28, 2016. A replay of the call will be accessible until midnight, Friday, February 11, by dialing 1-877-870-5176 and entering conference ID number 3488698. International callers should dial 1-858-384-5517. With us today are Charles Liang, Chairman and Chief Executive Officer; Howard Hideshima, Chief Financial Officer; and Perry Hayes, Senior Vice President, Investor Relations. I would now like to turn the conference over to Mr. Hayes. Please go ahead, sir. Perry G. Hayes - Senior Vice President-Investor Relations: Good afternoon and thank you for attending Super Micro's conference call on financial results for the second quarter fiscal year 2016, which ended December 31, 2015. By now, you should have received a copy of today's news release that was distributed at the close of regular trading and is available on the company's website. As a reminder, during today's call, the company will refer to a presentation that is available to participants in the Investor Relations section of the company's website under the event and presentations tab. Please turn to slide two. Before we start, I'll remind you that our remarks include forward-looking statements. There are a number of risk factors that could cause Super Micro's future results to differ materially from our expectations. You can learn more about these risks in the press release we issued earlier this afternoon, our Form 10-K for fiscal 2015, and our other SEC filings. All of those documents are available from the Investor Relations page of Super Micro's website. We assume no obligation to update any forward-looking statements. Most of today's presentation will refer to non-GAAP financial results and outlooks. For an explanation of our non-GAAP financial measures, please refer to slide three of this presentation or to our press release published earlier today. In addition, a reconciliation of GAAP to non-GAAP results is contained in today's press release and in the supplemental information attached to today's presentation. I'll now turn the call over to Charles Liang, Chairman and Chief Executive Officer. Charles Liang - Founder, President, Chief Executive Officer and Chairman of the Board: Thank you, Perry, and good afternoon, everyone. Please turn to slide four. First, let me provide you with the highlights of our fiscal second quarter. Second quarter revenue was $639 million, another record high for Super Micro. It's 23% higher quarter-over-quarter and 27% higher year-over-year. Super Micro is a long-term, very high growth company. We have grown five times since Q1 2009. We are on target for meeting our fiscal 2016 revenue and growth rate projection of greater than 20%. Our calendar quarter is above target, as well as our year-to-date fiscal first half performance. Non-GAAP net income was $38 million and was 13.4% higher, compared to last year. Super Micro's non-GAAP earnings per share was $0.73 per diluted share, compared to $0.32 last quarter, or $0.65 last year. In the seasonally strong second quarter, our growth rate was more than four times the industry's average, and we continue to strongly increase market share. Our growth was mainly driven by our Complete System Solutions, which account for 71% of our total revenue in the quarter. We also saw growth across our strategic verticals, with the cloud and Internet data center representing 30% of total revenue. Storage solutions, again, showed strong growth, up 58% from last year and now accounts for 21% of total revenue. These high-growth segments have contributed to our strong business growth. We have been securing new design-wins with superior first-to-market technology and application optimization. They are keys to our winning strategy for our Completed Systems and Solutions. A couple of strong examples of growing partnerships in this quarter include a Fortune 50 company that started to shift new private cloud and storage appliance with our high-storage density and NVMe supported twin architectures. Another Tier 1, also a new big customer, kind of big data Internet company who just scale from development to a hybrid (6:13) using the 4U (6:18), our FatTwin that delivers the (6:20) power efficiency, computing density and performance (6:26). These are truly win-win scenarios. Our product portfolio provides our customers incredible flexibility. Our first go-to-market innovation enables them to deliver the most optimized solution, and our expanding enterprise capabilities provided them the global support and serviceability they require. Slide four, please – slide five, please. The strong growth of our storage business has been driven by the rapid market adoption of software-defined storage. We should update this storage hardware portfolio in the industry. A large number of storage appliance vendors rely on Super Micro to build their (7:17) storage platforms. Revenue from our storage appliance partners was a significant contributor in our overall storage growth. On the product and technology side, we are an industry leader in hybrid and all-flash NVMe storage systems, empowering software-defined storage solutions that dramatically outperforms our legacy proprietary storage technology. We introduced our Simply Double Storage architecture with an industry-first to you hot-swappable four tier (7:51) base system. We patent the second level of tier of storage which delivers up to (8:03) capacity of comparative systems. We has seen strong demand for our new 3U MicroBlade with its high-computing density, supporting up to 8 Xeon processors per 1U. The compute is combined with an impressive storage capacity for traditional Datacenter and also a greater choice for all-flash hybrid storage applications. Betting on the strong success of our 4U 90-bay Storage TwinPro we are expanding the product line with 90-Bay and 60-Bay storage service systems and more. The revenue on the (8:53) and Datacenter optimize, TCO recommends several products grew more than 50% year-over-year. Customers like our extremely high memory and storage capacity and I/O expandability, while offering the lowest TCO via high power efficient system design. With the coming months of new Intel GM processor, code name Broadwell we are expecting continued strong growth on the (9:28) and TCO products as many datacenter will upgrade to the faster and more efficient technology. Continuing to deliver on our first to market strategy we are already providing many Broadwell based products to customers, seeking early development and testing. Our software portfolio in global service grew relatively new and starting from a small base. Continue to be our fastest growing high-margin product line. The software and service products are key to the success of our overall solution, sales strategy and critical contributor to our long-term margin growth. Over the last year, we doubled our Super Server Manager, or SSM software user base and more than doubled our software and service revenue. These numbers will now only continue to grow as we continue to promote and expand our SSM features. On our global service, we are continuing to invest in our service capability, capacity and expanding fleet application engineering to support our growth in the enterprise market. Slide six please, Geographically, North America was 63.7% revenue and was up 41.9% year-over-year. Europe was 17.9% of total revenue and up 24.6% year-over-year. In Asia, revenues were 13.8% of total revenue and up 3.5% year-over-year. We have seen that our strategy of focusing on North America and Europe is paying dividends in term of overall revenue growth and better profitability. We are continuing the effort of global expansion as we complete new construction bases of our green computing parts in Silicon Valley. And doubled our production facilities in Europe. Latin America increased our manufacturing scale to service our customer worldwide. In summary, Super Micro had, again, set a record high quarter for revenue and earnings. We are in the strongest position that has ever been. And we are growing multiple times faster than the overall industry. Now, we are extremely focused on executing our strengths in technology and leveraging our global foundation. We believe heading to 2016 will be a very strong year for Super Micro. For more specific on the December quarter, let me turn it over to Howard. Howard Hideshima - Chief Financial Officer: Thank you, Charles. And good afternoon, everyone. I will focus my remarks on earnings, gross margins, operating expenses, and similar items on a non-GAAP basis, which reflects adjustments to exclude stock compensation expenses. Reconciliation of GAAP to non-GAAP is included in the financial statements of the company in today's earnings release and in the supplemental detail in the slide presentation accompanying this conference call. Let me begin with the review of the second quarter income statement. Please turn to slide seven. Revenue was a record $639 million, up 27% from the same quarter a year ago, and up 23% sequentially. The increase in revenues from last year was primarily due to our increase in Server Solutions, which was up 50.1% led by our growth in cloud datacenter of 86.3% and storage of 58.4% year-over-year. On a geographic basis, we had strong growth in the U.S., up 41.9%, as well as growth in parts of Europe and Asia. Our Services and Software revenue have grown by over 100%. The sequential increase in revenues was primarily due to our continued execution of our business model and seasonal strength. Our direct customer business was up 45%, while our distributor revenue was up 8%. Complete Servers was up 50.1%, while subsystems and accessory business was down 7.7%. Our cloud datacenter business grew 48.3% as we grow our existing relationships and establish new relationships. Turning to product mix. The proportion of revenues from server systems was 71% of total revenues, which was up from 60.1% in the same quarter a year ago and up from 68.6% last quarter. ASPs per servers was $4,400 per unit, which is up from $3,900 last year and from $4,100 last quarter. We shipped approximately 102,000 servers in the quarter and 1,093,000 subsystems and accessories. It's the first time we have gone over 100,000 servers units shipments in the quarter. We continue to maintain a diverse revenue base with over 700 customers. One customer did represent more than 10% of our quarterly revenues at 15%. Cloud datacenter revenues was 29.7%, and storage was 20.7% of quarterly revenues. 63.7% of our revenues came from the U.S., and 41.9% from our distributors and resellers. Slide nine. Non-GAAP gross profit was $106.6 million, up 25.9% from $84.7 million in the same quarter last year, and up 47.2% from $72.5 million sequentially. On percentage basis, gross margin was 16.7% for the quarter. Price changes from Abelcom resulted in no-basis-point change to the gross profit in the quarter, with total purchases representing approximately 13.4% of total cost of goods sold, compared to 13.7% a year ago, and 13.2% sequentially Gross margin of 16.7% is comparable to the prior year's gross margin of 16.8%. Our sales in Complete Server Solutions and strong vendor relationships were positive to margin. These were offset in part by higher cloud datacenter sales which typically have lower margins. Gross margin sequentially was higher primarily due to the strong vendor relationships and higher sales of Complete Server Solutions. Utilization for Taiwan was comparable at 51.2%. Operating expenses were $53.5 million, up from $38.6 million in the same quarter a year ago and up from $47.1 million sequentially. As a percentage of revenue, operating expenses was 8.4%, which is up from 7.7% in the same quarter a year ago and down from 9% sequentially. Operating expenses were higher on an absolute dollar basis year-over-year, primarily in personnel expenses to support development of our new products such as our MicroBlade and Simply Double Storage Solution, as well as our software and support services to support the growth of our total solutions. Sequentially, operating expenses were higher due to higher personnel expenses to support the development of our products and growth of our business, and the difference in foreign exchange gain and loss of $2.4 million. The company head count increased by 120 sequentially to 2,521 total employees. Operating profit was $53.1 million, up 15.3% from $46.1 million a year ago and up by 109.9% from $25.3 million sequentially. On a percentage basis, operating margin was 8.3%, down from 9.1% a year ago and up from 4.9% sequentially. Net income was $38 million, up 13.4% from $33.5 million a year ago and up 130.4% from $16.5 million sequentially. Our non-GAAP fully-diluted EPS was $0.73 per share, up from $0.65 per share a year ago, and up from $0.32 per share sequentially. The number of fully-diluted shares used in the second quarter was 52,113,000. The tax rate in the second quarter on a non-GAAP basis was 28%, compared to 27% a year ago, and 34.2% sequentially. The rate was lower sequentially, primarily due to the retroactive reinstatement of the R&D tax credit in December 2015. The R&D tax credit was made permanent. We expect the effective tax rate on a non-GAAP basis to be approximately 32.2% for the March quarter. The company is working on our tax structure to leverage our overseas expansion, which may reduce our tax rate in the coming year. Turning to the balance sheet on a sequential basis, slide 12. Cash and cash equivalents in short- and long-term investments were $172.6 million, up $59 million from $113.6 million in the prior quarter; and up $86.7 million from $85.9 million in the same quarter last year. In the second quarter, free cash flow was $59 million, primarily due to net income of $34.7 million and an increase in accounts payable of $58.4 million, offset in part by increases in inventory of $27.2 million and an increase in accounts receivable of $17.8 million. We are working on extending our loan facilities to support the continued growth of the company, both domestically and abroad. Slide 13. Accounts receivable increased by $17.1 million sequentially to $314.2 million, due to higher revenues in a seasonally strong quarter. DSOs, days inventory outstanding was 44 days, a decrease of 11 days from 55 days in the prior quarter. Inventory increased by $77.2 million sequentially for up to $486.5 million, due to preparation of inventory ahead of the Lunar New Year holiday and preparation for our Broadwell Solutions. Days in inventories were 82 days, a decrease of 13 days from 95 days in the prior quarter. Accounts payable was $321.2 million, which was 50 days, a decrease of 8 days from 58 days in the prior quarter. Overall, cash conversion cycle days was 76 days, which is 15 days lower than our prior quarter. Now, for a few comments on our outlook. In the second quarter, we grew about 27% in a seasonally strong quarter in which we continue to extend our product lines and execute our business model. Year-to-date, we have exceeded our revenue goal objective of over 20% growth for the year. As we enter the third quarter, we continue our development for the Broadwell launch, but do not expect material contributions this quarter. In addition to seasonal softness of the March quarter for the industry, we are also cautious of the current macroeconomic environment. Therefore, the company currently expects net sales for the quarter ending March 31, 2016 in a range of $530 million to $580 million. Assuming this revenue range, the company expects non-GAAP earnings per diluted share of approximately $0.43 to $0.53 for the quarter. As a midpoint, this will represent our growth of 18% of revenue and 1% in EPS for the prior year. It is currently expected that the outlook will not be updated until the release of the company's next quarterly earnings announcement, notwithstanding subsequent development. However, the company may update the outlook or a portion thereof at any time. With that, let me turn it back to Charles for some closing remarks. Charles Liang - Founder, President, Chief Executive Officer and Chairman of the Board: Thank you, Howard. 2016 is shaping up to be a year of robust growth for Super Micro. We see huge opportunities as the market shifts toward software-defined, big data, and cloud-based solutions where Super Micro had great track record of leveraging our solid engineering foundation to produce innovative products and services for those market. We are on target for meeting our fiscal 2016 revenue and growth rate projection of greater than 20%, and with that, I'm confident we will continue to outperform the market and grow multiple times faster than the rest on the industry, most short-term and long-term. Operator, at this time, we are ready for questions.
Thank you, sir. And we'll go first to Aaron Rakers with Stifel. Joseph Quatrochi - Stifel, Nicolaus & Co., Inc.: Okay. Great. This is Joe Quatrochi on for Aaron. Just a couple of questions if I could. Maybe first start with what type of growth did you see in China? I noticed that you said the Taiwanese facility utilization was, I think, basically flat sequential basis. So maybe the growth in China and then how do we think about the Taiwanese facility utilization going forward? Charles Liang - Founder, President, Chief Executive Officer and Chairman of the Board: Yes. I mean, indeed, we had a very aggressive improvement in our sales and support force in Europe. And now, with global operation, we will support Europe partially from Asia. So, the Asia facility integration will improve. And at the same time, we also started to support some strategic cuts more in Asia, including China. So our utilization rate for Taiwan facility should start to grow gradually. Joseph Quatrochi - Stifel, Nicolaus & Co., Inc.: Okay. And then maybe as a follow-up, can we talk a little bit about the OpEx? I think sales and marketing as well as G&A were up quite a bit sequentially. I was hoping you could talk about the drivers there and how we think about that going forward? Howard Hideshima - Chief Financial Officer: Yeah. Joseph, one of the larger changes between the G&A incline will be the foreign ex that you saw that I mentioned on the call. It's about $2.4 million of delta between the quarters. In September, we had a $1.8 million of foreign exchange, and in the December quarter, we had a loss of about $600,000. So, that – you can see about a $2.4 million delta with regards to the expenses in that period. Joseph Quatrochi - Stifel, Nicolaus & Co., Inc.: Okay. Thanks.