Skyworks exceed Q1 expectations
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Skyworks exceed Q1 expectations

Skyworks Solutions are an American company that produce semiconductors and other technological products. They then sell these on to clients around the world, as they form part of high-tech communication systems, which seems to be a winning formula for the business, as they have just posted great figures for the fiscal quarter.

The firm, which is based out of Massachusetts, were able to post revenue of $914.3 million for the quarter ending 30 December 2016, which was up 9.4% sequentially, and ahead of analysts’ estimates of $902.7 million. Skyworks were also able to reveal a record cash flow from operations for the quarter, with $495.9 million.

Some operating highlights from the period that were flagged up included: delivering low noise amplifiers to leading networking equipment manufacturers and enabling Wi-Fi mesh solutions at both Linksys and Ubiquiti Networks.

Skyworks Solutions share price over the last three months
As of 23 January 2017: 88.67

SOURCE: Yahoo Finance

Liam Griffin, president and chief executive of Skyworks Solutions, said: “Skyworks delivered exceptional financial results in the first fiscal quarter of 2017 fueled by global demand for ubiquitous mobile connectivity and the Internet of Things.

“We are enabling the next phase of the wireless revolution, powering new and previously unimagined applications. With the proliferation of 4G/LTE and advent of 5G, system-level performance requirements are intensifying, driving the need for substantially higher data rates, improved efficiency and reduced latency across an exponentially growing scope of networked devices.

“Leveraging our innovative portfolio, carrier aggregation leadership, operational scale and demonstrated ability to deliver highly integrated solutions, Skyworks is uniquely positioned to capitalize on this connectivity megatrend."

Disclosure
Dominion holds Skyworks Solutions in its Global Trends Ecommerce Fund.



If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.