;
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

Textile-garment park inaugurated in Ethiopia's Jimma

Textiles | On 15th Dec 2018

Textile-garment park inaugurated in Ethiopia's Jimma

President Omar al-Bashir of Sudan, President Ismail Omar of Djibouti...

Some trying to create unrest over wages: Bangla minister

Textiles | On 15th Dec 2018

Some trying to create unrest over wages: Bangla minister

Some people are trying to create unrest in Bangladesh over the...

Condition of Cambodian garment workers improves: ILO

Apparel/Garments | On 15th Dec 2018

Condition of Cambodian garment workers improves: ILO

Cambodia has seen remarkable improvements in labour standards in the...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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


December 2018

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

news category


Related Categories:

Advanced Search