Market Overview

IXYS Corporation Reports Record Quarterly Revenues

IXYS Corporation (NASDAQ: IXYS), an international power and IC semiconductor company, today reported record quarterly net revenues of $84.9 million for the first fiscal quarter ended June 30, 2010, an increase of $36.0 million, or 73.6%, as compared with the net revenues of $48.9 million for the same period in the prior fiscal year. Of equal importance, the record revenues of $84.9 million mark the fourth consecutive quarter of revenue growth and beat last quarter's revenues by $8.3 million, or 10.9%.

Net income for the quarter ended June 30, 2010 was $6.5 million, or $0.21 per diluted share, as compared to a net loss of $3.9 million, or $0.13 loss per share, for the same quarter in the prior fiscal year.

Posted-In: Earnings News Markets

 

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