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Technology Stocks : KEMET Corp.
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To: SJS who wrote (757)10/23/2000 5:09:02 PM
From: All Mtn Ski  Read Replies (1) of 906
 
"Looking ahead, we expect revenues to continue to grow in the range of 5-10% over the remainder of fiscal year 2001. This growth should come from a combination of volume, product mix, and price increases."

FY 2001 ends in March, so he is basically saying revs will grow for the next 2 quarters. I read this as sequential rev growth. Notice that earnings grew 20% sequentially and revs grew 10%, that means operating margins are expanding.

"Overall, we are comfortable with the range of analysts' current consensus estimates for the balance of fiscal year 2001. We expect to see growth in revenues of approximately 15-20% for fiscal year 2002 when compared with fiscal year 2001...."

This should appease the worry-warts, who thought business would slow down tomorrow.

Overall a good report, that may need some clarification in the CC with regards to sequential rev growth in the coming quarters.

Cheers,

Tom
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