NEUBIBERG: Chipmaker Infineon Technologies AG ( IFNNY ) Thursday reported that its fourth quarter net income climbed 80 percent to 325 million euros from last year’s 181 million euros. Earnings per share were 0.29 euro, compared to 0.16 euro a year ago.
Adjusted earnings per share were 0.16 euro, same as last year.
Revenue for the quarter grew 36 percent to 1.60 billion euros from 1.18 billion euros last year.
Further, Infineon said its Management Board and Supervisory Board will propose at the Annual General Meeting a dividend of 0.20 euro per share for the 2015 fiscal year, a 0.02 euro growth.
Looking ahead, for the first quarter, Infineon expects a quarter-on-quarter revenue decrease of 6 percent – plus or minus 2 percentage points- due to seasonal factors. At the mid-point of the revenue range, the Segment Result Margin is expected to come in at approximately 14 percent.
For fiscal 2016, Infineon expects year-on-year revenue growth of around 13 percent -plus or minus 2 percentage points- and a Segment Result Margin of 16 percent at the mid-point of the range for the forecast revenue growth.
