News Article
GSA awards Avago for outstanding financial management
The award was based on financial metrics, such as growth rates, margins, cash flow, profitability ratios, efficiency ratios and return on capital
Avago Technologies, a supplier of analogue interface components for communications, industrial and consumer applications, has been named the “Best Financially Managed Semiconductor Company” for 2011 by the Global Semiconductor Alliance (GSA).
Avago was presented with the award on December 8 at the GSA Awards Dinner Celebration, which recognises semiconductor companies that have demonstrated excellence through their success, vision, strategy and future opportunities in the industry.
Determining the top company, the GSA and selected financial analysts reviewed the overall performance and financial health of the industry's semiconductor companies. Avago was named the best financially managed semiconductor company among its peers based on a number of financial metrics, such as growth rates, margins, cash flow, profitability ratios, efficiency ratios and return on capital.
“Being recognised by the GSA as the industry's best financially managed company is outstanding validation of our business model and our execution," said Doug Bettinger, Avago's SVP of Finance and CFO. “This award serves as a tribute to Avago’s exceptional technologies and to the tremendous work ethic of our employees.”
The GSA mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective fabless ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions.
