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ATi's Sales Way Up
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Posted by: TotalRecall
MARKHAM, Ontario--(BUSINESS WIRE)--Dec. 18, 2002--ATI Technologies Inc., a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions, today announced its financial results for the first quarter of its 2003 fiscal year ended November 30, 2002.
Revenues for the first quarter were $322.0 million, up 34.5 per cent from $239.5 million in the fourth quarter of fiscal 2002, and up 28.8 per cent from $250.0 million in the first quarter of fiscal 2003. Gross margins were 27.3 per cent, down from 30.1 per cent in the fourth quarter of fiscal 2002. Operating expenses, excluding amortization of intangible assets, increased to $79.6 million from $70.1 million in the previous quarter.
Sounds as if the recent Radeon releases have really boosted sales. EETimes has more.
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