Intersil's Q1 sales jump 10% sequentially, expects 6-8% growth in Q2
Semiconductor Business News
(04/24/02 20:54 p.m. EST)
siliconstrategies.com
IRVINE, Calif. -- Intersil Corp. reported sales of $134.1 million for the first quarter ended March 29, an increase of 10% sequentially and 5% compared to 2001,
The company recorded a net income of $13.8 million, or $0.13 a share, for the quarter, including amortization for intangibles, compared to $35 million, or $0.35 a share, a year ago. The company recorded a net income of $3.5 million in the previous period.
"As a result of increasing demand for our products, we now expect second quarter revenue to increase between 6% to 8% sequentially and approximately 20% over the same quarter of 2001," said Intersil President and CEO Greg Williams.
"For total calendar year 2002, we expect revenue growth in excess of 20% versus 2001, to between $580 million and $590 million, and adjusted earnings per share of approximately $.65 to $.67," he said. |
