Faraday Reported 2009 Second Quarter Results
- Year-over-year revenue increased 16.0% to NT$1,378 million (US$41.6million)
- Gross margin, 42.7%
- Net income of NT$266 million (US$8.0 million)
- Earnings per share of NT$0.75 for the quarter
Looking into Q3, ASIC sales is expected to keep its growth momentum, especially in the applications of consumer, multimedia and display. Further, for the attention-getting USB 3.0, Faraday has grabbed both host and device design wins and will keep commitment in technology development and business expansion. More significant revenue contributed from USB 3.0 is expected to happen in H2, Y2010.
Operating Results
(Amount: NT$ million) | 2Q09 | 1Q09 | QoQ% change | 2Q08 | YoY% change |
Revenue | 1378 | 928 | 48.5 | 1,188 | 16.0 |
Gross Profit | 588 | 434 | 35.6 | 516 | 14.0 |
Operation Expenses | (406) | (350) | 16.1 | (358) | 13.4 |
Operating Income | 182 | 84 | 116.7 | 158 | 15.2 |
Non-op. Income (Expenses) | 84 | (25) | (432.8) | (16) | (625.0) |
Net Income | 266 | 59 | 350.9 | 141 | 88.7 |
EPS (NT$ per share) | 0.75 | 0.17 | | 0.40 | |
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About Faraday
Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, DSPs, PHY/Controllers for USB 2.0, Ethernet, and Serial ATA. With 2008 revenue of US$ 149 million, Faraday is one of the largest fabless ASIC companies in the Asia-Pacific region, and it also has a significant presence in other world-wide market. Headquartered in Taiwan, Faraday has service and support offices around the world, including the U.S., Japan, Europe, and China. For more information, please visit: http://www.faraday-tech.com
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