ATI Reports Record Quarterly Results: Revenues increase 31% to $614 million MARKHAM, ON – December 21, 2004 – ATI Technologies Inc. (TSX: ATY, NASDAQ: ATYT) today announced record financial results for the first quarter of fiscal 2005. Quarterly revenues1 grew 30.7% to $613.9 million from $469.7 million in the first quarter of fiscal 2004 as a result of sales increases in both the personal computer and digital consumer product lines. Gross margin percentage was 34.2%. In accordance with Canadian generally accepted accounting principles, beginning with the first quarter of fiscal 2005, ATI is expensing compensation costs associated with stock options granted to employees after September 1, 2002. Net income and net income per share including compensation costs associated with stock options were $63.7 million and $0.25 respectively, up from $47.4 million and $0.19 for last year’s first quarter. Compensation costs associated with stock options in the first quarter of fiscal 2005 were $8.0 million. Net income and net income per share excluding compensation costs associated with stock options were $71.4 million and $0.28 respectively. ATI's cash position increased $71.7 million during the quarter to $620.6 million at November 30, 2004. "We continue to demonstrate our technology and industry leadership through innovation, execution and customer focus," said David Orton, ATI's Chief Executive Officer. “This has translated into the sustained financial and operational performance we have seen over the past several quarters. Looking ahead, we believe we will continue to grow our business by helping consumers to create, connect and communicate in new ways – whether it’s bringing 3D and camera features to mobile phones or high definition content to home PCs.” http://www.ati.com/companyinfo/ir/2005/atiq105.pdf |
Despite the increase in earning, ATI stock is down over $1.00 or about 4-5% in late morning trading. Go figure.:D |
All times are GMT +1. The time now is 04:01. |
Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO