HomeNewsNews Details
News Details
Date: 29-08-15

Avago's revenues grow faster than the semiconductor industry average

US based Avago Technologies reported a net revenue of $1,750 million for the third quarter of its fiscal year 2015 ending August 2, 2015 on non-GAAP basis, an increase of 6 percent from $1,645 million in the previous quarter and an increase of 36 percent from $1,287 million in the same quarter last year. Avago's outlook for its present running quarter is in the range of $1.825 billion to $1.875 billion on non-GAAP basis. The figures both for the previous quarter and the outlook for the present quarter is far bettter than semiconductor industry average, which is near flat.

"In contrast to the recent volatility and uncertainty in equity markets, our market fundamentals have been relatively stable and I am pleased with our third quarter revenue and earnings performance," said Hock Tan, President and CEO of Avago Technologies Limited. "Led by strong seasonal growth in our wireless segment, and stable performance from our enterprise storage, wired and industrial segments, we expect solid sequential revenue growth to sustain in the fourth quarter."

Default user
Related News