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ATI posts $652M revenue for 3Q

Posted: 05 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:financial result? ATI? graphics processing unit? income?

ATI Technologies Inc., a major provider of graphics processing units for PCs, announced financial results for the third quarter of fiscal 2006, which ended May 31. Revenues were $652.3 million and gross margin percentage was 30.1 percent. Net income determined in accordance with Canadian GAAP for the quarter was $31.9 million (12 cents per diluted share). Non-GAAP adjusted net income for the quarter was $42.5 million (16 cents per diluted share).

For the first nine months of fiscal 2006, revenues were $1.92 billion. Gross margin percentage was 29 percent. Net income according to GAAP for the year-to-date was $73.7 million (29 cents per diluted share). Non-GAAP adjusted net income for the period was $114.0 million (44 cents per diluted share).

Given anticipated near-term PC market conditions, revenues for the fourth quarter of fiscal 2006 are expected to be between $620 million and $660 million. Gross margin percentage is expected to improve to between 31 percent and 31.5 percent. Operating expenses, excluding stock option expense, amortization of intangible assets and other charges, are expected to be between $155 million and $160 million.




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