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Technology Stocks : Synaptics

SYNA 70.94

+0.7%

Oct 31 9:30 AM EDT

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From: JakeStraw	1/29/2015 4:20:33 PM
	1 Recommendation Recommended By The Ox of 191

Synaptics Reports Results for Second Quarter Fiscal 2015 finance.yahoo.com - Record December quarter revenue of $464 million up more than double year-over-year - Second consecutive calendar year of over 50% revenue growth "Synaptics achieved record top-line results for the second quarter, which included strong contributions from our new display drivers business," stated Rick Bergman, President and CEO. "We continue to execute across our strategic growth initiatives, with our new area touch fingerprint sensor and the market's first touch and display driver integrated (TDDI) solution now in mass production. We are very optimistic regarding our outlook for the second half of fiscal 2015 and are tracking well towards our combined operating model following the integration of RSP." Kathy Bayless, CFO, added, "Considering our backlog of $245 million entering the March quarter, customer forecasts and the resulting expected product mix, we anticipate revenue to be in the range of $450 to $490 million, an increase of 120% to 140% over the prior year period. We expect the revenue mix from mobile and PC to be similar to the preceding quarter."

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