Santa Clara, CA--January 22, 1997--Siliconix Inc. (Santa Clara, CA) announced that net income rose 7 percent to a record $26.0 million, or $2.61 per share, on record sales of $268.9 million, also up 7 percent, for the year ended Dec. 31, 1996.
These compare with net income of $24.2 million, or $2.43 per share, on sales of $250.3 million for the previous year. The tax rate for 1996 was 12.7 percent compared to 8.7 percent in 1995. The 1996 results represent the seventh consecutive year of record revenues, the sixth consecutive year of increased earnings, and the third consecutive year of record earnings for the company.
For the fourth quarter of 1996, net income fell 29 percent to $7.0 million, or $0.70 per share, on a 1 percent increase in net sales to $72.8 million. These compare with net income of $9.8 million, or $0.99 per share, on sales of $71.8 million for the fourth quarter of the previous year.
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