Feeds

ATI Q1 sales up 40%

Selling more desktop graphics cards

  • alert
  • submit to reddit

ATI saw sales leap 40 per cent year-on-year and 23 per cent sequentially to $469.7 million during the three months to 30 November, the first quarter of its 2004 fiscal year.

Income for the quarter totalled $47.4 million (19 cents a share), significantly better than the $7.3 million (three cents a share) is recorded this time last year and the previous quarter's $22.3 million (nine cents a share).

Not only higher sales but higher gross margin contributed to the raised income, ATI said. Gross margin for the quarter reached 35.9 per cent, it said.

Rising revenues were driven by increasing sales of desktop graphics chips to add-in card markers and system builders, the company said.

Looking forward, ATI is not only anticipating a strong Q2, but one that will go beyond the traditionally rally this time of year. The company forecasted Q2 revenues of between $430 million and $470 million. Gross margin will fall in the 32-35 per cent range, a dip on Q1's figure, presumably as a result of newer, more costly products in the mix. ®

Related Story

ATI R420 to ship late Q1 2004

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.