Altera sets records for revenues, profits in first quarter
![]() |
Altera sets records for revenues, profits in first quarter
By Semiconductor Business News
April 13, 2000 (9:27 a.m. EST)
URL: http://www.eetimes.com/story/OEG20000413S0002
SAN JOSE -- Accelerating demand for programmable logic devices in North America and especially Europe drove Altera Corp. here to record revenues and profits in the first quarter. The chip maker also beat Wall Street earnings estimates with 36 cents per share. Analysts surveyed by First Call/Thomson Financial had been expecting Altera to earn between 33 and 35 cents a share. The San Jose chip maker netted $75.2 million on sales of $272.8 million -- both company records, and up 17% and 15%, respectively, from the previous quarter. Compared to the same period last year, the increases were 60% and 46%, respectively. "Revenues were ahead of our expectations," said Rodney Smith, president and CEO. First quarter earnings included after-tax charges of $1.4 million representing the company's share in the startup losses of WaferTech, a Camas, Wash., foundry that Altera co-owns with Taiwan Semiconductor Manufacturing Co. Sales growth was strongest in Europe, at 30%, with North America following at 17%, and Asia-Pacific at 12%. Sales declined 6% in Japan. Altera plans to step up the introduction of new products in 2000. New product revenues in the first quarter were 42% of sales, growing 28% sequentially and 187% over the same period last year. Mainstream product revenues were 33% of sales, growing at slower paces. Mature product sales grew 2% sequentially.
Related Semiconductor IP
- 1.8V/3.3V I/O Library with 5V ODIO & Analog in TSMC 16nm
- ESD Solutions for Multi-Gigabit SerDes in TSMC 28nm
- High-Speed 3.3V I/O library with 8kV ESD Protection in TSPCo 65nm
- Verification IP for DisplayPort/eDP
- Wirebond Digital and Analog Library in TSMC 65nm
Related News
- LSI Logic sets revenues record; CEO forecasts even higher growth
- Arm delivers record revenues and record profits in FY21
- DRAM Industry Q1 Revenues Decline 21.2% QoQ, Marking Third Consecutive Quarter of Downturn, Says TrendForce
- Alchip Technologies Sets 2024 Financial Records
Latest News
- Movellus and RTX’s SEAKR Engineering Collaborate on Advancing Mission-Critical ASICs
- DARPA Selects Cerebras to Deliver Next Generation, Real-Time Compute Platform for Advanced Military and Commercial Applications
- Rapidity Space to Demonstrate Performance Capabilities of the GR765 Platform with SIMD Support
- Telestream Integrates intoPIX’s JPEG XS Technology into PRISM for Advanced IP Video Monitoring
- UMC Unveils New Fab Expansion in Singapore in Grand Opening Ceremony