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Infineon with Strong Second Quarter and Positive Outlook

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2011-04-19 11:17
NEUBIBERG, Germany, April 19, 2011 /PRNewswire-Asia/ — Infineon Technologies AG (FSE: IFX /OTCQX: IFNNY) announces that revenues and Total Segment Result for the second quarter of the 2011 fiscal year are better than expected.

For the second quarter of the 2011 fiscal year, Infineon expects revenues of Euro 994 million, up from Euro 922 million in the previous quarter, and a Total Segment Result margin of 20 percent.

In the outlook for the second quarter of the fiscal year 2011 that was published on February 1, 2011, Infineon expected revenues to be up slightly compared to the first quarter of the fiscal year, with Total Segment Result margin of 18 to 20 percent.

For the third quarter of the 2011 fiscal year, Infineon expects revenues and Total Segment Result margin at the level of the second quarter.

Infineon will go into specifics concerning the past quarter, the outlook for the current quarter and the expectations for the fiscal year 2011 when presenting the figures for the second quarter of the fiscal year 2011 on May 3, 2011.

About Infineon

Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2010 fiscal year (ending September 30), the company reported sales of Euro 3.295 billion with approximately 26,650 employees worldwide. With a global presence, Infineon operates through its subsidiaries in the U.S. from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

SOURCE Infineon Technologies AG

Written by asiafreshnews

April 21, 2011 at 11:35 am

Posted in Technology

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