Home / Knowledge / News / Information Technology / RFMD Q1'FY15 revenues boost 23.6% to $316.3mn
RFMD Q1'FY15 revenues boost 23.6% to $316.3mn
25
Jul '14
RF Micro Devices, Inc. a global leader in the design and manufacture of high-performance radio frequency solutions, reported financial results for the Company's fiscal 2015 first quarter, ended June 28, 2014.
 
Quarterly Highlights:
-Quarterly Revenue Increases 23.6% Sequentially To a Record $316.3 Million 
-GAAP Gross Margin Expands 1,310 Basis Points Year-Over-Year To 45.0%, and Non--GAAP Gross Margin Expands 1,200 Basis Points Year-Over-Year To 47.1% 
-GAAP Diluted EPS Is $0.13, Versus $0.01 in Q1 Fiscal 2014 
-Non-GAAP Diluted EPS Is $0.24, Versus $0.09 in Q1 Fiscal 2014
 
June quarterly revenue was $316.3 million. GAAP gross margin for the quarter was 45%, GAAP operating income was $46.1 million, and GAAP net income was $38.6 million, or $0.13 per diluted share. On a non-GAAP basis, gross margin was 47.1%, operating income was a record $78.9 million, or 24.9% of sales, and net income was $71.3 million, or a record $0.24 per diluted share.
 
Strategic Highlights
-RFMD's Cellular Products Group (CPG) secured new customer engagements for RF Fusion, a complete RF front end solution for 4G world phones and tablets.
-CPG supported the ramp of multiple 3G/4G smartphones, and 3G/4G sales increased to greater than 90% of CPG revenue.
-CPG enabled the proliferation of envelope tracking (ET) power amplifiers across multiple smartphone platforms and anticipates ET power management integrated circuit (PMIC) revenue across multiple basebands later this year.
-RFMD's Multi-Market Products Group (MPG) grew 5% sequentially across multiple markets, supported primarily by 4G wireless infrastructure and high-performance Wi-Fi in smartphones and enterprise applications.
-RFMD announced the expiration of the HSR Act waiting period, satisfying one of the conditions required to complete the pending business combination between RFMD and TriQuint Semiconductor, Inc.; RFMD continues to expect a successful close this calendar year, subject to approval by both TriQuint's and RFMD's shareholders, other required regulatory approvals, and customary closing conditions.
 


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search