Infineon says Q2 ‘better than expected’
Infineon Technologies says business in the second quarter of its 2012 financial year was better than expected. "Three out of four segments increased revenue. Our focus on key challenges for today's society – energy efficiency, mobility and security – is also proving its worth during difficult economic times," said Peter Bauer, pictured, the company's ceo. The one sector which saw demand decline was industrial power control.
Overall, revenue in the quarter, which ended on 31 March, grew by 4% over the previous quarter to reach €986 million. However, the company is less optimistic for the future. Q3 revenues are expected to remain 'broadly flat', while Infineon believes full year revenues will decline by a 'low single digit rate' compared to 2011.
