FLANDERS, N.J.--Metrology supplier Rudolph Technologies Inc. today reported a 13% sequential increase in revenues to $12.0 million in the first quarter compared to $10.7 million in Q4 of 2002. The company posted a net income of $447,000 in the first quarter vs. a net income of $662,000 in Q4.
"Our results indicate that the bottom of the cycle occurred in Q4 2001, and we are increasingly optimistic about prospects for the second half of this year," said Paul F. McLaughlin, chairman and CEO of Rudolph Technologies.
In the first quarter last year, Rudolph has a net income of $6.1 million on revenues of $30.6 million.
The company said it now expects revenues in the current second quarter to be 5-to-10% higher than Q1, with orders accelerating "at a double-digit growth rate." Rudolph's earnings per share is expected to be $0.03 in the current Q2 period, the same as Q1.