Analog, embedded drive TI upwards in 2014
"Revenue growth of 8 percent year-over-year was consistent with our expectations," said Rich Templeton, TI’s chairman, president and CEO, in a statement. "Analog and Embedded Processing drove revenue growth in the quarter, and combined, they comprised 85 percent of fourth-quarter revenue."
For the full year TI made a net income of $2.82 billion on revenues of $13.045 billion. Income was up 30.6 percent from $2.16 billion in the previous year and revenue up 6.9 percent from $12.205 billion.
"Our balance sheet remains strong, with $3.5 billion of cash and short-term investments at the end of the quarter, 82 percent of which was owned by the company’s U.S. entities," said Templeton.
TI’s outlook for the first quarter of 2015 is for revenue in the range of $3.07 billion to $3.33 billion. At the midpoint of our range, revenue would increase 7 percent from the year-ago quarter.
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