Infineon makes ‘good recovery’ in Q3, beats expectations
Infineon has reported better than expected financial results for the third quarter of 2013, with all four of its operating segments contributing to growth.
The German semiconductor manufacturer announced Q3 revenue of €1,022million, up 11% from Q2's €918m.
CEO Dr Reinhard Ploss, pictured, said the company had made a 'good recovery' and managed to grow again.
"Our strategy is bearing fruit: we are now in a position to quickly and decisively take advantage of opportunities as markets pick up," he commented. "Revenue and margins have developed favorably during the third quarter and we remain focused on enhancing profitability."
Looking forward, Infineon expects Q4 revenue to be about €1.05bn. Revenue for the full year should be approximately 1.5% lower than in the previous fiscal year, the company said in a statement.
