Analog helps drive TI’s Q1 profit
Sales revenue was up 3 percent compared with the same quarter a year before but includes a $37 million benefit for the sale of a site and other assets related to a previously announced restructuring.
"We delivered 3 percent year-over-year revenue growth, or 11 percent when legacy wireless revenue is excluded. Analog and Embedded Processing comprised 84 percent of first-quarter revenue," said Rich Templeton, chairman and CEO of TI, in a statement.
Templeton said the outlook for the second quarter is that revenue will be in the range $3.14 bilion to $3.40 billion. The mid-point of this range that would show 9.6 percent sequential growth, which would be above seasonality. It would also represent 7 percent year-over-year growth, or 13 percent excluding legacy wireless revenue.
The company has about $4.0 billion in cash and short-term investments on hand at the end of the quarter.
Related links and articles:
News articles:
Reference design for resolver-to-digital conversion cuts costs
S3 preps DAC product with a twist
How to design an efficient MEMS-based pico-projector
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
