Ambarella (AMBA) Tops Q1 EPS by 4c, Q2 Revenue Comes in Light
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Ambarella, Inc. Announces First Quarter Fiscal Year 2019 Financial Results
June 5, 2018 4:05 PM EDTSANTA CLARA, Calif., June 05, 2018 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), a leading developer of low-power, HD and Ultra HD video compression, image processing, and computer vision solutions, today announced financial results for its first quarter of fiscal year 2019 ended April 30, 2018.
Revenue for the first quarter of fiscal 2019 was $56.9 million, down 11.2% from $64.1 million in the same period in fiscal 2018.Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2019 was 61.3%, compared with 63.9% for the same period in fiscal 2018.GAAP net... More