Ambarella (AMBA) Tops Q2 EPS by 12c, Revenues Beat

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Go back to Ambarella (AMBA) Tops Q2 EPS by 12c, Revenues Beat

Ambarella, Inc. Announces Second Quarter Fiscal Year 2019 Financial Results

August 30, 2018 4:05 PM EDT

SANTA CLARA, Calif., Aug. 30, 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 second quarter of fiscal year 2019 ended July 31, 2018.

Revenue for the second quarter of fiscal 2019 was $62.5 million, down 12.8% from $71.6 million in the same period in fiscal 2018. For the six months ended July 31, 2018, revenue was $119.4 million, down 12.0% from $135.8 million for the six months ended July 31, 2017.Gross margin under U.S. generally accepted accounting principles (GAAP)... More