Wednesday, March 31, 2004
ATI Technologies Inc. made a net income of US$47.6 million on revenue of $463.3 million in the second quarter of the fiscal 2004 year, the company said. The company predicts next quarter sales to be flat.
Revenue was up by 47.8 percent relative to the second quarter of fiscal 2003 and ATI's cash position increased $88.5 million during the quarter to $468.5 million as of February 29, 2004. The income compared with a loss in the same quarter a year before.
"Product and technology leadership continues to be the foundation of our success and we see tremendous opportunities in the future to expand our market share and accelerate our momentum in the consumer electronics market," said K.Y. Ho, ATI's chairman and chief executive officer, in a statement.
By: DocMemory
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