Business Microsemi last quarter results
2014/01/24
Net sales were $255.6m. GAAP (generally accepted accounting principle) gross margin was 54.1%, and GAAP operating margin was 2.8%.
GAAP net income for the first quarter of fiscal 2014 was $1.4m, or $0.01 per diluted share.
“This quarter had approximately one month of activity from our recent acquisition of Symmetricom, including legal, investment banking, restructuring and financing charges,” said Microsemi. “Operating cash flow for the quarter was $62.5m and free cash flow was $50.4m.
Non-GAAP gross margin was 56.0% compared to 57.0 for the fourth quarter of fiscal 2013, and non-GAAP operating margin was 21.2% compared to 23.6 in the fourth quarter of fiscal 2013.
Non-GAAP net income was $42.9m or $0.46 per diluted share.
“Microsemi’s strategic business model continued to serve us well in the December quarter,” said chairman and CEO James Peterson. “Operating and free cash flow strengthened, reflecting the quality of our business model. We continue to drive our communication focused growth strategy and are confident this will continue to bring benefit to our shareholders.”
Book to bill was greater than 1:1 and the firm is expecting net sales in the second quarter of its fiscal year 2014 to increase 10% to 14% sequentially, and expects non-GAAP diluted earnings per share of between $0.48 and $0.54.
Welcome to SUV System Ltd!
SUV System Ltd is ISO 90012008 Certified electronics distributor with 10 years of experiences.
We have built up long term business relationship with about many companies which are stockers and authorized agents. we have a steady and reliable supply to meet customer's demands to the greatest extent .Confidently, we are able to lower your cost and support your business with our years of professional service.
SUV System Ltd is Electronic Components Distributor Supplies,Find Quality Electronic Components Supplies Products IC(Integrated Circuits),Connectors,Capacitor,Resistors,Diodes,Transistors,LED at Suvsystem.com. Sourcing Other Energy, Environment, Excess Inventory Products from Manufacturers and Suppliers at Suvsystem.com
Electronic Components distributor:http://www.suvsystem.com
Connectors Distributor:http://www.suvsystem.com/l/Connectors-1.html
IC Distributor:http://www.suvsystem.com/l/IC(Integrated-Circuits)-1.html
LED Distributor:http://www.suvsystem.com/l/LED-1.html
Capacitor Distributor:http://www.suvsystem.com/l/Capacitor-1.html
Transistor Distributor:http://www.suvsystem.com/l/Transistors-1.html
Resistor Distributor:http://www.suvsystem.com/l/Resistors-1.html
Diode Distributor:http://www.suvsystem.com/l/Diodes-1.html
SUV System Ltd insists on the managing faith ofsincereness,speciality,foresight, win-win,so we build up stable-relationship customers located all over the world, including the States, Europe, Argentina, UAE, Malaysia, Australia,and India etc
we are focus on the following fields,and hope we can help you.
Capacitor NS IC ST Transistors Diodes High Precision Resistors LED part TDK IC Resistor Networks VISHAY IC Connectors Chip Ferrite Beads FAIRCHILD diodes HARRIS IC Switches chip Filter saws TI IC Multi-units Transistors Switching Diodes Voltage Regulators Transistors Thin Film Resistors Chip Inductors Cypress IC IDT IC Fast Recovery Diodes ROHM Resistors NXP Transistors NXP Diodes Transistors Freescale Dialight LED IC(Integrated Circuits) Transistors About US Digital Transistors AGILENT LED AD IC Metal Can Packages Transistors Rectifier Diodes AVX Resistors Texas Instruments(TI) IC Electronic News
http://www.suvsystem.com/a/9647.aspx
