Omnivision Technologies (OVTI) Tops Q1 EPS by 7c; Issues Light Q2 Outlook

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OmniVision Reports Financial Results For the First Quarter of Fiscal 2016

August 27, 2015 4:18 PM EDT

SANTA CLARA, Calif., Aug. 27, 2015 /PRNewswire/ -- OmniVision Technologies, Inc. (Nasdaq: OVTI), a leading developer of advanced digital imaging solutions, today reported financial results for the first quarter of fiscal 2016 that ended on July 31, 2015.

Revenues for the first quarter of fiscal 2016 were $329.9 million, as compared to $285.9 million in the fourth quarter of fiscal 2015, and $406.5 million in the first quarter of fiscal 2015. GAAP net income in the first quarter of fiscal 2016 was $18.2 million, or $0.31 per diluted share, as compared to net income... More