Axcelis Technologies (NASDAQ: ACLS) reported Q1 EPS of $0.33, $0.08 better than the analyst estimate of $0.25. Revenue for the quarter came in at $119 million versus the consensus estimate of $116.25 million.

President and CEO Mary Puma commented, "We are very pleased with our strong first quarter performance. As a result of everyone's extraordinary efforts, we delivered an excellent financial quarter by continuing to meet our customers\' expectations. While there is limited visibility to near-term macroeconomic conditions, customer demand for our Purion platform remains strong. Axcelis has a highly differentiated product line, a broad and diverse customer base, a robust balance sheet and a dedicated team of employees. These strengths will propel us through this difficult period and lead us to market leadership in ion implantation."

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