Baird Remains Bullish on Sigma Designs (SIGM) Following 1Q Beat
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Sigma Designs, Inc. Reports First Quarter Fiscal Year 2017 Financial Results
June 6, 2016 4:12 PM EDTFREMONT, CA -- (Marketwired) -- 06/06/16 -- Sigma Designs, Inc.® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV platforms and Internet of Things (IoT) Devices, today reported financial results for its first quarter of fiscal year 2017, which ended April 30, 2016.
Financial Results
Net revenue for the first quarter of fiscal 2017 was $53.8 million, up $2.3 million, or 4.5%, from $51.5 million reported in the previous quarter, and down $2.1 million, or 3.8%, from $55.9 million reported in the same period in fiscal 2016.
GAAP gross margin in the first quarter... More
