Date: 03/06/2015

Ambarella reports revenue of US$ 71million for its first quarter this year

Video compression and image processor chip maker Ambarella reported a revenue of $71.0 million for its first quarter of fiscal 2016, close to 10% sequential growth compared to the previous quarter, where the revenues reported was US$64.7 million and up by 73.5% from $40.9 million in the same period year ago.

"We enjoyed a strong first quarter with revenue up 73.5 percent from the same period last year," said Fermi Wang, president and CEO of Ambarella. "In addition to continued growth from our existing wearable, IP security and automotive video recorder camera markets, we see increased activity across a wide range of home monitoring cameras including models by U.S. service providers, as well as from quadcopters or flying cameras. We look forward to continued success, as we enable the next generation of intelligent HD and Ultra HD cameras."
Author: Srinivasa Reddy N
Author: Srinivasa Reddy N