Strong Rise in Sales for austriamicrosystems

Companies › Technology ♦ Published: October 24, 2011; 18:53 ♦ (Vindobona)

Austriamicrosystems, a manufacturer of ICs for communications, industry & medical and automotive applications, reports revenue and earnings growth for the third quarter of 2011.

Strong Rise in Sales for austriamicrosystems / Picture: © Vindobona.org

Third quarter group revenues reflect the first-time consolidation of TAOS at € 81.7m, up 47% compared to the same quarter 2010 (55% in constant currency terms) and 41% quarter-on-quarter. Gross margin was 50% despite a recurring depreciation charge of around € 2 m per quarter from the TAOS purchase and a one-time ramp-up effect for a recently launched global smartphone, compared to…

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