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ATI reports results for Q2 2006

Posted: 04 Apr 2006 ?? ?Print Version ?Bookmark and Share

Keywords:ATI Technologies? financial results?

ATI Technologies Inc. announced financial results for the Q2 of fiscal 2006 ended February 28, 2006.

According to the company, revenue for the Q2 reached $672 million, a new company record and a 14 percent increase relative to the Q1 of fiscal 2006. Gross margin percentage was 28.2 percent while net income according to GAAP for the quarter was $34.1 million (13 cents per diluted share). Non-GAAP adjusted net income was $44.8 million (17 cents 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. "With strong customer momentum and product leadership, we are well positioned for continued growth in the PC and digital consumer markets."

The company expects revenues for the Q3 of fiscal 2006 to be between $640 million and 680 million. Gross margin percentage is also expected to improve to approximately 30 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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