In the boring world of accounting, too, there are funny parts. Next calendar year has not started yet, but Micron Technology has already summarized the first quarter of its fiscal year 2010, ended the company on December 3. The company has the foundation for a good mood for the holiday season – the period brought a profit of $204 million dollars in turnover to $1.74 billion This result is much more optimistic than that recorded on the basis of previous quarter ($100 million loss at the back, 1 $3 billion), and especially the first quarter of fiscal year 2009 (718 million dollars of losses at the back of 1.4 billion dollars).
«We understand that the world economy continues to put a lot of problems, but our team deserves recognition for providing a positive cash flow on a background of recession” – said Steve Appleton (Steve Appleton), chairman and CEO of Micron. “Our technology, competitive costs and strong balance sheet will provide an excellent foundation in order to take advantage of conditioning the market».
Revenue from sales of the heap in the first quarter increased by 50% compared to the fourth by 25% growth in sales and 21% increase in average selling prices. Revenue from sales of NAND flash memory has increased by 21% due to 16% increase in sales and 5% increase in average price. Profitability of products sold by the memory has increased from 12% in the fourth quarter to 27% in the first quarter of fiscal year 2010, mainly due to increased average selling prices. At the end of the quarter the amount of cash and investments held by the company, estimated at approximately 1.6 billion dollars
materials on the topic:
– Micron RealSSD C300: the fastest consumer SSD;
– Crisis flash industry: high-end companies were able to earn.
