Infineon had a sparkling calendar Q3 (its fiscal Q4) with revenue of €1,175 million for a profit of €188 million and a margin of 16%.
Calendar Q3′s revenues were 6% up on calendar Q2′s at €1,110 million.
For the full fiscal year to the end of September its revenues were up 12% on FY 2013 to €4,320 million a profit of €620 million and a 14.4% margin.
The outlook for the 2015 FY is a revenue increase of 8% plu or minus two percentage points.
Outlook for calendar is a revenue decrease of between 5 and 9% with a margin between 10 and 13%.
“We have made good use of the opportunities open to us in a dynamically growing market. We were well prepared to handle steeply rising demand from our customers and therefore always able to deliver reliably,” says Infineon CEO Reinhard Ploss.
“Revenue, earnings and margin all saw solid increases, in line with our expectations. Despite a challenging market environment, we plan to continue growing in the current 2015 fiscal year – in addition to growth resulting from the planned acquisition of International Rectifier.”
Due to the strong free cash flow, the gross cash position amounted to €2,418 million at September 30, 2014, compared with €2,263 million at the end of June 2014.
The net cash position also improved over the same period from €2,073 million to €2,232 million.
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