German chip-maker Infineon ups full-year forecast

Jul 30, 2014

German semiconductor maker Infineon revised slightly upward its annual forecast on Wednesday after reporting higher third-quarter earnings and sales.

Net income rose to 143 million euros ($191 million), up 85.7 percent year-on-year, said the company, which runs its business year from October to September.

This was better than the 133 million euros expected for the April-June period by analysts polled by Dow Jones Newswires.

It was the fifth quarter running of year-on-year growth for the company founded in 1999 when the semiconductor division of engineering giant Siemens was spun off.

Revenue for the Infineon Group grew by six percent from the second quarter to 1.11 billion euros.

"Infineon expects further growth in the fourth quarter of the 2014 fiscal year with an increase in revenue between three and seven percent compared to the previous quarter," said the company based in Neubiberg near Munich.

"Our forecast has proved to be correct: revenue, earnings and margin all improved again in the third quarter, with all four segments making a positive contribution," said Infineon Technologies CEO Reinhard Ploss.

"This is now our fifth consecutive quarter of year-on-year growth. Our strategy is proving successful and our investments are paying off."

Explore further: Airbnb to expand tax collection efforts

add to favorites email to friend print save as pdf

Related Stories

German chip maker Infineon meets full-year targets

Nov 12, 2013

German semi-conductors giant Infineon said on Tuesday a strong fourth quarter had enabled it to meet its goals for the year just ended, but warned of falling sales in the current quarter.

Infineon cuts costs as revenue falls

Nov 14, 2012

Semiconductor maker Infineon Technologies AG says it will cut back on investment plans and introduce short-time working as global economic uncertainty weighs on demand and revenue.

Infineon sees lower 2012 sales as crisis bites

Nov 16, 2011

German semi-conductors giant Infineon said Wednesday it expected sales in its current business year to decline by around five percent as customers increasingly hold back in the current economic gloom.

Recommended for you

Airbnb to expand tax collection efforts

19 hours ago

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

20 hours ago

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.