Feeds

Freescale grows Q2 earnings on flat sales

Stepping out of Motorola's shadow

  • alert
  • submit to reddit

3 Big data security analytics techniques

Freescale, the company still making G4-class PowerPC processors for Apple's notebook line-up, saw a big jump in income during its second fiscal quarter, despite an only marginal increase in sales, the firm said yesterday.

Sales totalled $1.47bn, up 2.1 per cent from $1.44bn in Q1 FY2005 and up just under a single percentage point from Q2 FY2004's $1.46bn.

Net income was $122m (29 cents a share), rather better than the $85m (20 cents a share) Freescale reported for the previous quarter and the year-ago quarter's $43m (15 cents a share) income.

Then again, Q2 was hit by a $5m expense relating to Freescale's split from Motorola, compared to $39m a year ago and $18m in the previous quarter.

Gross margins for the quarter were calculated to be 41.6 per cent, Freescale said.

Drilling down, the company's Network and Computing Systems business yielded $387m worth of sales, up 10.9 per cent sequentially but down 2.8 per cent year on year. The division's earnings contribution was up 32.4 per cent sequentially and year on year to $94m, Freescale said.

The company's Transportation and Standard Products operation contributed $667m to the quarter's sales and $87m in earnings. Wireless and Mobile Solutions added $401m and $5m, respectively, to those figures - the division's earnings were well down on the previous quarter, but nonetheless an improvement on the year-ago quarter's $43m loss. Other operations together lost $47m during Q2 FY2005.

Looking ahead, Freescale said it's anticipating Q3 to yield sales of between $1.38bn and $1.47bn, flat or down on the current quarter but consistent with seasonal sales patterns. Gross margins will match Q2's figure, it forecast. ®

Related stories

Apple profits, revenue up again
IBM to Apple: eat these chips
Widescreen iBook rumours gain weight
Apple shifts to Intel: what is all the fuss about?
Apple in 'talks with Intel'
World chip sales continue to rise
Freescale earnings grow post-restructure

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?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
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
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
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.