Infineon Technologies makes strong start in the first quarter of 2017 reckons 5pc revenue increase Quarter-on-Quarter
Infineon Technologies has lately reported the results for the first quarter of the 2017 fiscal year (period ended December 31, 2016). The semiconductor giant in Q1 FY 2017 reported revenue €1,645 million; Segment Result €246 million; Segment Result Margin 15.0 percent; earnings per share €0.14 (basic and diluted); adjusted earnings per share €0.17 (diluted). Infineon sharing its outlook for Q2 for FY 2017 reported a Quarter-on-Quarter revenue increase of 5pc, plus or minus 2 percentage points, with Segment Result Margin of 15 percent at mid-point of revenue guidance.
“We had a good start into the new fiscal year,” stated Dr. Reinhard Ploss, CEO of Infineon. “In the first quarter revenue and earnings were better than expected, driven in particular by strong demand for our components for automotive electronics and MOSFET power transistors. We expect to achieve further growth in our markets during the coming months and, based on the long-term trends, also remain optimistic about the future. We confirm our forecast for the current fiscal year: higher revenue, earnings and margin.”
Seeking on the whole fiscal year for Q2 FY 2017, Infineon Technologies finds Quarter-on-quarter revenue increase of 5 percent, which keeps the outlook for FY 2017 unchanged. The figures were based on an assumed exchange rate of US$1.10 to the euro, year-on-year revenue growth of around 6 percent, plus or minus 2 percentage points, and Segment Result Margin of 16 percent at mid-point of revenue guidance.