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ATi revenues for 2003 way up!!!

edited December 2003 in Science & Tech
Oh won't there be nice Christmas bonuses over at ATi this year!!!
[blockquote]Graphics chipmaker ATI Technologies on Friday reported higher profits and improved revenue, propelled by higher shipments of computer components, for the first quarter of fiscal 2004, which ended Nov. 30.

The company's revenue jumped to $469.7 million, up 23 percent from the last quarter of 2003 and 40 percent from $335.4 million in the same quarter a year ago. ATI attributed increased revenue from the previous quarter to increased shipments of desktop integrated processors and multimedia co-processors. The company has also begun shipping PCI Express video processors for the likely transition in the PC market next year.

The net income was $47.4 million, or 19 cents a share, in the quarter--up from $7.3 million, or 3 cents a share, a year earlier. It was $22.3 million or 9 cents per share for the fourth quarter of fiscal 2003. The sequential increase in net income was primarily the result of higher revenue and gross margin.[/blockquote]
http://news.com.com/2100-1006_3-5129803.html

Submitted by csimon

Comments

  • pseudonympseudonym Michigan Icrontian
    edited December 2003
    And there was much rejoicing....
  • GHoosdumGHoosdum Icrontian
    edited December 2003
    I'm not rejoicing - I don't work at ATI... In fact, the amount I've spent on ATI cards this year will probably pay for at least one of the employees' Christmas bonus.
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