GigOptix (GIG) Tops Q1 EPS by 3c; Offers Q2 Revenue Guidance; Affirms FY Guidance
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GigOptix Reports First Quarter Fiscal Year 2015 Financial Results
April 27, 2015 4:05 PM EDTQ1 FY15 revenue of $9.1 million, up 23 percent from $7.4 million in Q1 FY14, and up from $9.0 million in Q4 FY14. The sequential improvement reinforces the continued strong financial performance of the Company in what is historically a seasonally weaker quarter, and was driven mainly by the increasing demand for 40Gbps high-speed communications devices for Web 2.0 data centers and 100Gbps devices for the new generation Telecom infrastructure installations Highest non-GAAP net income and Adjusted EBITDA for any first quarter in the Companys history Q1 FY15 non-GAAP net... More
