ATI Reports Results for Second Quarter of Fiscal 2006
Record revenues of $672 million
MARKHAM, Ontario -- March 30, 2006 -- ATI Technologies Inc. (TSX:ATY)(NASDAQ:ATYT) - ATI Technologies Inc. (TSX:ATY)(NASDAQ:ATYT) today announced financial results for the second quarter of fiscal 2006 ended February 28, 2006.
Revenues for the second quarter were $672 million, a new company record and a 14% increase relative to the first quarter of fiscal 2006. Gross margin percentage was 28.2%. Net income according to GAAP for the quarter was $34.1 million ($0.13 per diluted share). Non-GAAP adjusted net income(2) for the quarter was $44.8 million ($0.17 per diluted share).
"In the second quarter, ATI delivered compelling products that continue to redefine the leading edge of our markets," said David Orton, President and CEO, ATI Technologies Inc. "Our Crossfire chipsets, Radeon graphic processors (GPUs), Imageon handheld media processors and state-of-the-art Xilleon(TM) high-definition television chips all delivered top-to-bottom solutions for ATI's customers. With strong customer momentum and product leadership, we are well positioned for continued growth in the PC and digital consumer markets." READ MORE...