Second Quarter 2009 Highlights: - Year-over-year revenue increased 16.0% to NT$1,378 million (US$41.6million)
- Gross margin, 42.7%
- Net income of NT$266 million (US$8.0 million)
- Earnings per share of NT$0.75 for the quarter
Hsinchu, Taiwan -- July,24 2009 -- Faraday Technology Corporation (TSE: 3035), a leading fabless ASIC design solution and silicon IP provider, today announced its unconsolidated operating results for the quarter ended June 30, 2009. The second quarter revenue was NT$1,378 million, while net income and basic earnings per share came to NT$266 million and NT$0.75, respectively. The ASIC revenue in Q2 is significantly up contributed by more than 50% sales increase in nearly all applications covering consumer, PC peripheral/ storage, multimedia and display, etc. In terms of geography, the revenue from Europe, U.S. and Taiwan markets registers the most noticeable growth rate compared with Q1.
Looking into Q3, ASIC sales is expected to keep its growth momentum, especially in the applications of consumer, multimedia and display. Further, for the attention-getting USB 3.0, Faraday has grabbed both host and device design wins and will keep commitment in technology development and business expansion. More significant revenue contributed from USB 3.0 is expected to happen in H2, Y2010.
Operating Results
| (Amount: NT$ million) | 2Q09 | 1Q09 | QoQ%
change | 2Q08 | YoY%
change |
| Revenue | 1378 | 928 | 48.5 | 1,188 | 16.0 |
| Gross Profit | 588 | 434 | 35.6 | 516 | 14.0 |
| Operation Expenses | (406) | (350) | 16.1 | (358) | 13.4 |
| Operating Income | 182 | 84 | 116.7 | 158 | 15.2 |
| Non-op. Income (Expenses) | 84 | (25) | (432.8) | (16) | (625.0) |
| Net Income | 266 | 59 | 350.9 | 141 | 88.7 |
| EPS (NT$ per share) | 0.75 | 0.17 |
| 0.40 |
|
For more details,
click here About Faraday Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, DSPs, PHY/Controllers for USB 2.0, Ethernet, and Serial ATA. With 2008 revenue of US$ 149 million, Faraday is one of the largest fabless ASIC companies in the Asia-Pacific region, and it also has a significant presence in other world-wide market. Headquartered in Taiwan, Faraday has service and support offices around the world, including the U.S., Japan, Europe, and China. For more information, please visit:
http://www.faraday-tech.com
