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Technology Stocks : Synaptics

SYNA 71.02

+0.1%

Nov 3 9:30 AM EST

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From: JakeStraw	8/1/2014 9:56:04 AM
	of 191

Synaptics Reports Results for Fourth Quarter and Fiscal 2014 seekingalpha.com -- Record fiscal 2014 revenue of $948 million up 43% -- Record June quarter revenue of $315 million up 37% year-over-year and 54% sequentially -- Record fourth quarter and fiscal 2014 non-GAAP EPS of $1.46 and $4.25, respectively -- Increases stock repurchase authorization to $200 million "Synaptics posted a stellar fourth quarter and a phenomenal fiscal year. We greatly outpaced our growth objectives by extending our leadership in touch and generating significant contributions from our fingerprint ID business," stated Rick Bergman, President and CEO. "We are clearly executing on our key growth levers with the adoption of our fingerprint authentication platform, expanding penetration within large touchscreens, growing traction for our display integrated solutions and continued expansion in China. Our acquisition of Renesas SP Drivers is progressing as anticipated, and we are excited to broaden our expertise in mobile display, which we believe will enhance our ability to continue to deliver and sustain strong, profitable growth."

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