Friday, October 3, 2003
ATI reported a net income of $22.3 million on sales of $380.7 million in the fourth quarter of its 2003 fiscal year, the company said.
Revenues were up sequentially compared to Q3 $355.7 million and 70.8 percent higher than the same quarter a year ago. Net income was $15 million in Q3 and a net loss of $34.6 million for the same period a year ago, the company said.
"All of our product lines contributed to our revenue strength this quarter," said K. Y. Ho, chairman and ATI's chief executive officer, in a statement. "In particular, our consumer business made a material contribution to our sales for the first time, and all of our business areas contributed to margin growth. With performance leadership in every PC segment and growth in our cell phone business, we are well-positioned as we enter fiscal 2004."
ATI said it expects revenues in the first quarter of fiscal 2004 to be between $400 and $430 million.
By: DocMemory
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