Feeds

Creative revels in 'outstanding' Q4

Full year figures not bad either

  • alert
  • submit to reddit

Intelligent flash storage arrays

Creative Technology - aka Creative Labs - today said its Q4 results had exceeded its own expectations, with sales rising 35 per cent over the year-ago quarter to $201.8m.

The three months to 30 June 2004 saw income reach $6.6m (eight cents a share), up 43 per cent on Q4 2003's $4.6m (six cents a share).

For the whole year, Creative's sales of MP3 players and audio accessories totalled $814.9m up 16 per cent from 2003's $701.8m. Net income rose 68 per cent year on year from $29.4m (36 cents a share) to $49.4m (59 cents a share) on the back of improved margins and cost-control.

Investment gains, a tax write-back and other one-offs took 2004's income to $134.2m (161 cents a share), compared to 2003's $23.4m (29 cents a share).

Looking ahead, Creative said it expects its current quarter, Q1 2005, to yield year-on-year revenue growth of 25-30 per cent to $200-210m. With gross margins anticipated at around 32 per cent, plus $60-62m in operating expenses, Creative reckons Q1 should yield earnings of six cents a share. ®

Related stories

CE firms drawn to magnets for wireless MP3 players
MS cheers as Amazon offers 'iPod killer' Media Centers
Creative laptop-in-the-bath ad banned
MS, partners tout Portable Media Center iPod killer
Creative unveils 60GB iPod alternative

Related reviews

Creative MuVo 2 4GB MP3 Player
Creative ships 256MB MuVo TX
Creative Jukebox Zen Xtra

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.