Atmel Reports Fourth Quarter and Full Year 2011 Financial Results

Full Year 2011 Revenue of $1,803 Million, Up 10%

(PRNewswire) — Atmel® Corporation (Nasdaq: ATML), a leader in microcontroller and touch solutions, today announced financial results for its fourth quarter and full year ended December 31, 2011.  


GAAP


Non-GAAP


Q4 2011

Q3 2011

Q4 2010


Q4 2011

Q3 2011

Q4 2010

Net Revenues

$383.6

$479.4

$457.8


$383.6

$479.4

$457.8

Gross margin

48.1%

50.1%

49.5%


48.7%

50.4%

50.0%

Operating margin

12.8%

29.2%

20.5%


17.9%

25.9%

24.5%

Net income

$32.9

$116.7

$223.1


$67.5

$124.0

$119.2

Diluted EPS

$        0.07

$0.25

$0.47


$        0.14

$        0.26

$        0.25



(In millions, except earnings per diluted share and percentages)

Revenue for the fourth quarter of 2011 was $383.6 million, a 20% decrease compared to  $479.4 million for the third quarter of 2011, and 16% lower compared to $457.8 million for the fourth quarter of 2010.  GAAP net income totaled $32.9 million or $0.07 per diluted share for the fourth quarter of 2011. This compares to $116.7 million or $0.25 per diluted share for the third quarter of 2011.  Included in net income for the third quarter was a $33.4 million gain from the sale of the company’s corporate headquarters.  The fourth quarter 2011 net income of $32.9 million or $0.07 per diluted share compares to net income of $223.1 million or $0.47 per diluted share for the fourth quarter of 2010, which included $118.1 million, or $0.25 per diluted share, primarily from releasing reserves for deferred tax assets. For the full year of 2011, net income was $315.0 million or $0.68 per diluted share, compared to net income of $423.1 million or $0.90 per diluted share for 2010.

1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article

SolidCAM - See it Live

Featured Video
Jobs
Pilot for Geomni, Inc at Lehi, Utah
Management Analys for City of Lenexa at Lenexa, Kansas
GIS Analyst for Institute for Children and Poverty at New York, California
Information Technologist II for Michigan State University at East Lansing, Michigan
Upcoming Events
PLM Components Innovation Conference at Downing College CAMBRIDGE United Kingdom - Sep 25 - 26, 2018
COMSOL Conference 2018 Boston at Boston Marriott Newton 2345 Commonwealth Avenue Newton MA - Oct 3 - 5, 2018
34th International CAE Conference and Exhibition 2018 at Vicenza Convention Centre @ Fiera di Vicenza Vicenza Italy - Oct 8 - 9, 2018
2018 Simcenter Conference - Americas at Crowne Plaza Detroit Downtown Riverfront Detroit MI - Oct 15 - 17, 2018
MasterCAM



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise