Needham & Company Reiterates Buy on Sigma Designs (SIGM) Following Solid 2Q Report
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Sigma Designs, Inc. Reports Second Quarter Fiscal Year 2017 Financial Results
September 6, 2016 4:05 PM EDTFREMONT, CA -- (Marketwired) -- 09/06/16 -- 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 second quarter of fiscal year 2017, which ended July 30, 2016.
Financial Results
Net revenue for the second quarter of fiscal 2017 was $61.3 million, up $7.5 million, or 14.0%, from $53.8 million reported in the previous quarter, and up $3.0 million, or 5.2%, from $58.3 million reported in the same period in fiscal 2016.
GAAP gross margin in the second quarter... More
