Integrated Device Technology Inc., Santa Clara, Calif., today announced revenues for the quarter ended April 1, were $212.9 million, an increase of 8% over the fourth quarter of fiscal 2000 and a decreaseof 24% from the fiscal quarter ended December 31.
Revenues for fiscal year 2001 were $991.8 million, an increase of 41% over the previous fiscal year.
Excluding non-operating amounts associated with investment and other transactions detailed below, fourth quarter fiscal 2001 net income was $55.6 million, or 51 cents per diluted share, up 34% compared to net income of $41.6 million or 41 cents per diluted share for the fourth quarter of fiscal 2000 and down 42% compared to net income of $96.6 million or 87 cents per diluted share in the quarter ended December 31, 2000.
The earnings matched the consensus estimate of First Call's analyst survey.
Net income for fiscal year 2001 was $301.0 million, or $2.73
per diluted share, up 214% from net income of $95.8 million, or 97 cents per diluted share during the previous fiscal year.
During fiscal 2001, IDT's gross margin was approximately 59%, operating margin was approximately 34%, and net income before taxes, excluding the non-operating net gain, was nearly 38%.