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Altera Reports First Quarter sales of more than 400 million
Altera Corporation (NASDAQ: ALTR) today announced that first-quarter sales reached 402.3 million U.S. dollars, compared with the fourth quarter of 2009 increased 10% over the first quarter of 2009 increased 52%. New product sales continue to grow 29%. The first quarter of this year, net income reached 153.2 million U.S. dollars, earnings per share, diluted to 0.5 dollars, while the fourth quarter 2009 net income of 103 million U.S. dollars, 0.34 U.S. dollars per diluted share, net income for the first quarter of 2009, 0.44 100 million U.S. dollars, 0.15 U.S. dollars per diluted share.
Operating cash flow was 132.7 million U.S. dollars. Altera end of the quarter working capital and short-term investment reached 1.7 billion U.S. dollars.
Altera Board of Directors declared a quarterly dividend of 0.05 U.S. dollars per share on June 1, 2010 paid May 10, 2010 to shareholders of record.
Board Chairman, CEO and President John Daane, commented: "With the user from prototype development to product transition, we are benefiting from 65-nm and 40-nmFPGA growth. Altera scored a record first quarter revenue high. We are constantly expanding programmable logic applications, has just released the 28-nm Stratix V FPGA to extend Altera's technology leadership. "
Several recent results show that the ability of the company's sustainable development.
? With the 28-mn Stratix? V FPGA family release,, Altera provides a unique application for broadband solutions, reducing cost and power consumption, and continued technological leadership. This new series includes four models to meet the wireless / wireline communications, military, broadcasting, computers and storage, test and market a variety of medical applications. Stratix V FPGA serial switching capacity with 1.6 Tbps to provide one million logic unit and the work rate of the industry's highest integrated 28 Gbps transceiver. Device also features the industry's most advanced dedicated hard core of intellectual property rights, improving system integration and performance, without the cost and power consumption costs. Stratix V FPGA also has embedded HardCopy module. This unique approach allows Altera to rapidly increase in the need for a large number of FPGA logic functions or standard features, thereby reducing cost and power consumption. The quarter will Stratix V FPGA provides Quartus? II software support and will be on sale the first quarter of 2011, Stratix V sample.
? 40-nm Arria? II GX FPGA family has been shipping in volume to all devices. These devices have been combined with production of the Stratix IV FPGA, Altera, as always, provide the industry's most extensive 40-nm FPGA products. Arria II GX series specifically for 3-Gbps transceiver applications, to provide users with a low-power, low cost and high performance FPGA solutions. Broadcasting, military, wireless and fixed-line market, a variety of high-volume applications such as the widely used Arria II GX FPGA.
? Stratix IV FPGA continues to be widely acclaimed by the media. "Electronic Technology", "China Electronics News" and "VME and Critical Systems magazine" very much agree with the editors of a number of innovative Stratix IV family, recognition of its density, performance and power consumption advantages, as well as cutting-edge technology the leading position. Stratix IV FPGA devices from the sale in December 2008 since there are 10 electronic media products and give it 12 Technology Award. The latest awards include:
? "Electronics Technology" magazine awarded Stratix IV GX FPGA "Award for the best programmable device", the magazine in 2009 published in the Journal of excellent products that news. "Electronic technology" readers and industry experts on the Stratix IV GX FPGA performance, power, innovation and application of broad market performance affirmed.
? Altera in the China Electronics News, "2009 Editor's Choice" Award won the "2009FPGA Technology Leadership Award." Altera magazine editor that achieved in 2009 the industry's first 40-nm FPGA to volume production available for sale, while Altera's Cyclone? FPGA and Quartus? II software also has a number of innovations.
Stratix IV FPGA won the "VME and Critical Systems magazine" and "Editor's Choice Award." Magazine editors are authorized Altera high-density Stratix IV EP4SE820 FPGA lead in technology. The FPGA with 820K logic elements (LE), the performance and power consumption of similar products is the best.
Business prospects for the second quarter of 2010
Continued sales growth of 8% to 12%
71% to 72% gross profit
R & D 64 million U.S. dollars to 65 million U.S. dollars
SG & A 6300 million to almost 64 million U.S. dollars
Rate of 13% to 15%
Forward-looking statements
The statements in this press release is in accordance with the 1995 Private Securities Litigation Reform Act under the existing "forward-looking statements". Implied forward-looking statements are generally preceded by words that may occur later, such as "will," "believe," "expect," or implied, predicted future state. Forward-looking statements, including Business Outlook section of this press release discuss all the revenue forecasts, gross margins, expenses and other financial terms ,40-nm FPGA sales growth forecast ,28-nm FPGA's programmable logic to expand capacity, Stratix V Samples for-Sale Scheme and the Stratix V software support. Investors are cautioned that all forward-looking statements in this press release are certain risks and uncertainties that could cause actual results and current expectations are different due to various factors such as without any restrictions, the current global economic conditions, customer the business environment, vertical market matching, market acceptance of products, product launch plans, including Arria?, Arria II, Cyclone? II, Cyclone III, Stratix? II, Stratix III, Stratix IV and Stratix V FPGA, MAX? II CPLD, and HardCopy? device family, including growth of new products, prototype development and product changes between the business needs, as well as changes in economic situation, with safety and Exchange Commission (SEC) often discuss writing and other risk factors. Altera SEC filings are posted on the company website, by the company free of charge. Forward-looking statements in this press release date, required by law, the Company undertakes no obligation to update its forward-looking statements to reflect future events or changes in circumstances.
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How do I get new games to work on my R4?
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Altera Updates First Quarter Revenue Guidance
SAN JOSE, Calif.----Altera Corporation today announced that, based on quarter-to-date results and the company's outlook for the remainder of the quarter, first quarter revenue is now expected to be up 7 to 10 percent sequentially.
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