Alchip Technologies Reports Record Q1 FY2024 Revenue and Net Income
Taipei, Taiwan, May 16, 2024 (GLOBE NEWSWIRE) -- Alchip Technologies has reported record revenue of USD$333.6 million for the first quarter of its 2024 fiscal year, topping first quarter FY2023 revenue of USD$188 million by 77.4 percent, and fourth quarter FY2023 revenue of USD$291.1 million by 14.6 percent.
- Taipei, Taiwan, May 16, 2024 (GLOBE NEWSWIRE) -- Alchip Technologies has reported record revenue of USD$333.6 million for the first quarter of its 2024 fiscal year, topping first quarter FY2023 revenue of USD$188 million by 77.4 percent, and fourth quarter FY2023 revenue of USD$291.1 million by 14.6 percent.
- The Company also reported record net income for the first quarter of FY2024 of USD$39 million, up 103.9 percent over FY2023 first quarter net income of USD$19.1 million.
- First quarter FY2024 operating income reached USD$38.5 million, an 84.1 percent increase over first quarter FY2023 operating income of USD$20.9 million.
- He also pointed out that NRE revenue accounted for 15-20 percent of first quarter FY2024 total revenue.