STMi­cro­elec­tron­ics re­ports First Quar­ter finac re­sults

Power Watch India - - DESPATCHES FINANCE -

STMi­cro­elec­tron­ics, a global semi­con­duc­tor leader serv­ing cus­tomers across the spec­trum of elec­tron­ics ap­pli­ca­tions, re­ported fi­nan­cial re­sults for the first quar­ter ended 28 March 2015. First quar­ter net rev­enues to­taled $1.71 bil­lion, gross mar­gin was 33.2%, and net loss was $0.03 per share.

“As ex­pected, the start of the year re­flected sea­sonal soft­ness. Ad­di­tion­ally, rev­enues in the first quar­ter were af­fected by the an­tic­i­pated cur­rency im­pact on the por­tion of our euro-de­nom­i­nated rev­enues, and by lower sales of com­po­nents for PC ap­pli­ca­tions, both par­tic­u­larly af­fect­ing our SP&A seg­ment rev­enue per­for­mance,” said ST Pres­i­dent and CEO Carlo Bo­zotti.

“Although rev­enues came in lower than the mid­point of our first quar­ter out­look, gross mar­gin was well aligned with our guid­ance and, de­spite sea­sonal fac­tors, ST gen­er­ated pos­i­tive free cash flow.

“The many new in­dus­try-lead­ing prod­ucts we in­tro­duced dur­ing 2014 are steadily in­creas­ing our foot­print with cus­tomers and start­ing to bring re­sults.”

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