Oppenheimer Reiterates Perform on Ambarella (AMBA)

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Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2017 Financial Results

February 28, 2017 4:05 PM EST

SANTA CLARA, Calif., Feb. 28, 2017 (GLOBE NEWSWIRE) -- Ambarella, Inc.  (NASDAQ: AMBA), a leading developer of low-power, HD and Ultra HD video compression and image processing semiconductors, today announced financial results for its fourth quarter and fiscal year 2017 ended January 31, 2017.

Revenue for the fourth quarter of fiscal 2017 was $87.5 million, up 28.8% from $68.0 million in the same period in fiscal 2016. For the fiscal year ended January 31, 2017, revenue was $310.3 million, down 1.9% from $316.4 million for the fiscal year ended January 31, 2016.Gross margin under U.S. generally accepted accounting principles (GAAP) for the fourth... More