KLA-Tencor posts strong quarter due to Asian orders
Silicon Strategies
01/22/2004, 4:00 PM ET
SAN JOSE, Calif.--KLA-Tencor Corp. posted sales of $338.5 million in its second quarter of fiscal 2004, compared to $334.9 million in the like period a year ago.
The company reported net income of $45 million, or $0.22 per share. In comparison, the second quarter of fiscal 2003 resulted in net income of $29 million and diluted earnings per share of $0.15.
"Rising chip demand fueled by an improving global economy, coupled with high capacity-utilization rates due to years of industry under-investment, is driving a strong upswing in capacity-related tool orders," said KLA-Tencor CEO Ken Schroeder, in a statement.
Geographically, Korea, China, Singapore and Japan exhibited the strongest order growth compared to historical averages. The U.S. was 24 percent of orders, below its historical average of 25-to-30 percent; Taiwan was 18 percent, below its historical average of 20 percent; Korea, China and Singapore combined was 18 percent, higher than their historical average of 15 percent; Japan was 26 percent, higher than its historical average of 20 percent, and Europe was 14 percent, at its historical average of 15 percent. |
