Record sales, improved visibility at Skyworks
RF systems manufacturer Skyworks Solutions, Inc. of Woburn, MA, has announced record revenue of $175.1 million for its first fiscal quarter ended January 2 2004 - up 17 percent sequentially.
The figure exceeded the company s guidance of 10 percent growth from the $150.0 million achieved in the fourth fiscal quarter of 2003. Revenue was up 9 percent on a year-over-year basis from $160.2 million.
First quarter fiscal 2004 GAAP operating income was $10.4 million, compared with an operating loss of $37.9 million during the fourth quarter of 2003 and $6.4 million operating income during the same period last year.
"The Skyworks team delivered a strong first fiscal quarter of 2004 highlighted by record top and bottom line performances," said David J. Aldrich, Skyworks president and chief executive officer.
"Looking forward, healthy backlog coupled with improving visibility are setting the stage for a strong current quarter and fiscal 2004 led by power amplifier, front-end module and direct conversion transceiver market share gains," Aldrich concluded.