Infineon had calendar Q2 revenue of €1,632 million for a profit of €254 million.
For calendar Q3 it expects q-o-q revenue increase of 3% (+/ – 2%).
“Revenue, earnings and margin all increased in line with expectations
in the third quarter,” says CEO Reinhard Ploss, “demand and was
particularly strong for our automotive electronics, renewables and power
supply solutions. Despite the current contraction of the semiconductor
market and contrary to many of our competitors, Infineon has grown once
again compared to the prior year’s corresponding quarter, reflecting its
focus on sub-markets with structural growth. We therefore continue to
forecast a long-term compound annual growth rate of 8 percent. We are
enabling cleaner and safer cars, greener energy and even faster mobile
communication.”
“The planned acquisition of Wolfspeed will secure us a decisive
technological advantage in the long term and help us grow our system
understanding. We are thereby focusing on promising growth areas such as
electromobility and the Internet of Things.”
The gross cash position increased to €2,083 million at the end of
calendar Q2, compared to €1,803 million at March 31, 2016. The net cash
position rose from €27 million to €299 million.
http://www.electronicsweekly.com/news/business/infineon-sees-8-cagr-long-term-growth-2016-08/
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