"Our business model and offerings continue to appeal to customers despite the global economic malaise," said company CFO Charlie Peters.

Memory maker Micron Technology on Thursday said that for the quarter ending in August, its loss narrowed compared to the same quarter a year ago. The quarterly loss was $243 million compared to $320 million a year earlier.

Analysts stressed the positive. Micron "reported a better than feared AugQ in line with consensus," noted SterneAgee analyst Vijay Rakesh.

Though DRAM pricing has been weak recently, Micron has reported that memory inventories are much lower, suggesting that there will be some upward pressure on prices later this quarter, Rakesh noted.

Meanwhile demand for DRAM may surge. The average amount of DRAM in each smartphone shipped worldwide is expected to jump by nearly 50 percent this year, as they gain greater functionality, according to an IHS iSuppli report this week.