Sunnyvale, Calif.--Jan. 27, 1998--Actel Corp. announced net revenuesand net income for the fourth quarter of 1997 and the fiscal year.
Net revenues for the fourth quarter were $37.0 million, comparedwith $39.0 million for the fourth quarter of 1996 and $38.2 millionfor the third quarter of 1997. This represents a decline of 5 percentfrom the fourth quarter of 1996 and a decline of 3 percent from thethird quarter of 1997.
Net income for the fourth quarter of 1997 was $3.4 million, adecline of 19 percent from fourth quarter 1996 net income of $4.2 million anda decline of 14 percent from third quarter 1997 net income of $3.9 million.Earnings per share, on a diluted basis, were 16 cents per share forthe fourth quarter of 1997, compared with 19 cents per share for thefourth quarter of 1996 and 18 cents per share for the third quarter of1997.
For the fiscal year ending December 28, 1997, Actel reportedrecord net revenues of $155.9 million and record net income of $16.8million, or 76 cents per share on a diluted basis, compared with netrevenues of $148.8 million and net income of $14.9 million, or 70cents per share on a diluted basis, for fiscal year 1996. Thisrepresents an increase in net revenues of 5 percent and an increase innet income of 12 percent.
Unit sales of field programmable gate arrays (FPGAs) increased 15percent in the fourth quarter of 1997 compared with the fourth quarterof 1996, while the overall average selling price (ASP) of FPGAsdeclined 18 percent. Sequentially, FPGA unit sales increased 10percent in the fourth quarter of 1997, while the overall ASP of FPGAsdeclined by 12 percent.
955 East Arques Avenue
Sunnyvale, CA 94086-4533
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