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|21st December 2005, 13:13||#1|
Join Date: Mar 2004
ATI Reports Results for First Quarter of Fiscal 2006
ATI Technologies Inc. (ATYT)(ATY) today announced financial results for the first quarter of fiscal 2006 ended November 30, 2005.
Revenues(1) for the first quarter were $591 million, a 26% increase relative to the fourth quarter of fiscal 2005. Gross margin percentage was 28.7%. Net income according to GAAP for the quarter was $7.6 million ($0.03 per diluted share). Non-GAAP adjusted net income(2) for the quarter was $26.8 million ($0.10 per diluted share).
"We are pleased with our overall progress in the quarter and remain intensely focused on technology leadership and operational execution," said David Orton, ATI's Chief Executive Officer. "Our PC business is benefiting from strong demand for the new X1000 series GPUs as well as significant growth in integrated chipsets. Our Consumer segment continued to record solid growth with handheld shipments up nearly 60% sequentially and surpassing 21 million units in the quarter."
-- In October 2005, ATI introduced the Radeon X1000(TM) family of 90 nanometer products, delivering price/performance and image quality leadership in all segments of the desktop PC market.
-- ATI recently introduced the Mobility Radeon X1600 - the industry's first 90 nanometer notebook discrete GPU.
-- In the first quarter, ATI shipped more than 21 million visual processors for the handheld market - equal to about half its handheld volumes for all of fiscal 2005.
-- ATI recently shipped its 10 millionth chip for high-definition integrated digital televisions (HD IDTVs)
-- The Xbox 360(TM) game console featuring ATI's custom-designed GPU with the world's first unified shader architecture launched in November 2005, ushering in the era of high-definition gaming.
-- During the quarter, ATI repurchased 408,100 shares for $5.7 million under its share buyback program.
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