Integrated Device Technology (IDTI) Tops Q1 EPS by 1c, Sales Beat

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Go back to Integrated Device Technology (IDTI) Tops Q1 EPS by 1c, Sales Beat

IDT Reports Fiscal 2018 Q1 Financial Results

July 31, 2017 4:03 PM EDT

SAN JOSE, CALIFORNIA -- (Marketwired) -- 07/31/17 -- Integrated Device Technology, Inc. (IDT) (NASDAQ: IDTI) today announced results for the fiscal first quarter 2018, ended July 2, 2017.

"First quarter fiscal 2018 revenue increased by 12 percent sequentially, driven by our GigPeak acquisition plus broad organic growth across each of our end markets," said Greg Waters, president and chief executive officer. "We believe that IDT is positioned for continued revenue growth as the fiscal year progresses and expect to see acceleration in profit margin expansion and cash flows in the second half."

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