Second Quarter 2014 Highlights:
- Year-over-year revenue decreased 17.3% to NT$1,466 million (US$48.69million)
- Gross margin, 52.1%
- Net income (attributable to parent) of NT$206 million (US$6.83 million)
- Earnings per share of NT$0.50 for the quarter
Hsinchu, Taiwan – July 25, 2014 – Faraday Technology Corporation (TWSE: 3035), a leading fabless ASIC service and silicon IP provider, today announced its consolidated operating results for the quarter ended June 30, 2014. The second quarter revenue was NT$1,466 million, while net income (attributable to parent) and basic earnings per share came to NT$206 million and NT$0.50, respectively.
With a slight increase of IP and NRE revenue, the gross margin in the second quarter beat the guidance, reaching 52.1%. In wise of ASIC MP (mass production), the consumer sector grew because the considerable contribution by the new project made up for the revenue drop of the one that gradually enters into the end of product life cycle. The multimedia sector decreased due to the longer lead time of customers’ business engagement than expected, which is the major cause to miss out the corporate’s quarter-over-quarter guidance. The communication sector keeps stable as guided.
Looking into the next quarter, the IP revenue will keep stable, and NRE is projected to slightly decline because of the higher listing percentage in the second quarter. For the MP, the communication sector will be rather significant than others contributed by the emerging 40nm projects, and the stable shipment of 4G base station case.
Summary of Operating Results
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