ATI "Not Jumping too Far" with R4xx VPU Series

Graphics Company Reports Record Revenues in the First Quarter

by Anton Shilov
12/21/2003 | 11:58 AM

ATI Technologies announced its financial results for the first quarter of fiscal 2004, ended November 30, 2003. Continuing the success, the company reported astonishing revenue, income and gross-margins, in line with the high-end of expectations released early December.

 

Markham, Ontario-based ATI Technologies reported record revenues of $469.7 million, a 23% increase over the fourth quarter of fiscal 2003 and a 40% increase over the first quarter a year ago. Gross margin showed continued strength at 35.9%. Net income in the first quarter of fiscal 2004 was $47.4 million or $0.19 per share compared to net income of $22.3 million or $0.09 per share for the fourth quarter of fiscal 2003 and net income of $7.3 million or $0.03 per share for the first quarter last year. Adjusted net income for the first quarter was $49.0 million or $0.19 per share compared to $29.0 million or $0.12 per share for the previous quarter and $9.3 million or $0.04 per share recorded in the same period last year.

As always, below we present the highlights of the quarter and future expectations obtained both from ATI’s press statements as well as from conference call.

Highlights of the Q1 FY2004, product, design wins, announcements:

Highlights of the Q1 FY2004, financials:

Product mix notes for the Q1 FY2004 quarter:

Expectations for the future (Q2 FY2004), financials:

Expectations for the future, products:

Interesting statements: