Feeds

Infineon to announce record revenues

Tomorrow's results today...

  • alert
  • submit to reddit

High performance access to file storage

Semiconductor maker Infineon today unveiled record annual revenues and fourth quarter revenues up 82 per cent a day early.

At least, Infineon's results statement is dated 8 November, and since even Munich can't be 24 hours ahead of the rest of Europe, the data must have slipped out ahead of time. That said, it could also be a typo, we guess. Ahem.

Either way, the chip company saw Q4 revenues rise 82 per cent year on year to E2.38 billion ($2.76 billion), itself 30 per cent up on Q3. Before tax, Infineon's earnings totalled E807 million, up 120 per cent on the previous quarter and a 42-fold increase on the same period last year. Net income for the period reached E581 million. Gross margins reached 53 per cent of revenue.

Infineon's Q4 revenue proved to be the best of the year, as the company predicted nearly a month ago on investor fears of a downturn in the semiconductor business. The company said its latest revenue figures were driven by "strong demand" for memory chips and its Wireline and Wireless subsidiaries' broadband and wireless comms products.

The Memory Products group's Q4 revenue contribution totalled E1.27 billion, up 168 per cent on the same period last year and up 47 per cent on the previous quarter. Earnings for the group rose quarter-on-quarter 160 per cent to E727 million. For the full year, the group's revenues hit a record E3.47 billion, up 147 per cent from 1999.

Looking ahead, Infineon said it expects to grow "significantly above the industry average" during 2001. Its definition of 'industry average' is market researcher Dataquest's prediction of a 27 per cent increase in chip sales throughout next year.

However, the company did admit that it expects a dip in memory sales over the coming quarter, thanks to "current uncertainties in the worldwide PC markets". Not to worry, though - the market will have recovered by the second half of fiscal 2001.

"We expect the market outlook to remain strong into 2003," said Infineon president and CEO Ulrich Schumacher. The company expects to spend 30 per cent of its 2001 revenue covering "expected capacity constraints". ®

Related Stories

Infineon set for record sales despite market fears
Infineon defines 'very fast' data transfer speed
Infineon countersues Rambus
Rambus piles pressure on Infineon

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.