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
Rand3D

Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
Design for Metal Additive Manufacturing Short Course at Revere Hotel Boston Common 200 Stuart St Boston MA - Nov 27 - 28, 2017
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2017 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