Portland, OR--December 16, 1996--Electro Scientific Industries Inc. (Portland, OR) reported sales of $35.1 million and net income of $4.6 million or $0.53 per share for the quarter year ended Nov. 30, 1996.
Sales in the first quarter of fiscal 1997 were $34.8 million and earnings per share were $0.51.
The second quarter results reflect the shorter decision cycle time in many of ESI's markets. Backlog is $20 million, compared to $27 million reported for Aug. 31, 1996. Demand remains strong for semiconductor yield improvement equipment, with both the 9250B and the enabling technology incorporated in the Model 9300. The gross margin of 55.3 percent, operating margin of 19 percent, and sales consistent with the first quarter, reflect the company's stability under current market conditions and demonstrates customers confidence in ESI products.
Electro Scientific Industries
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