LONDON European chip company Infineon Technologies AG has said that it now expects the second quarter of its 2009/10 financial year, ending Sept. 30, 2010, will be better than previously expected.
Infineon said expects to see revenues rise sequentially by approximately 10 percent. In the third quarter of the financial year Infineon expects continuing growth in revenues.
"The leading market positions and strict cost management are the basis for this gratifying performance. It is supported by a favorable market environment," said Peter Bauer, CEO, in a statement.
In the forecast for the 2009/10 financial year published on Jan. 29, 2010, Infineon said it expected a year-on-year growth in revenues of over 20 percent. The company now expects to increase that estimate.