SAN JOSE, Calif. -- Chipmaking equipment and process control supplier KLA-Tencor Corp. made a net income of $96 million on revenues of $450 million in the fourth quarter of its 2004 fiscal year ended June 30, 2004.
Revenues rose 16 percent from $390 million in the prior quarter and 46 percent from $308 million compared to the same period last year. Net income increased from $66 million in the prior quarter and $29 million in the fourth quarter of fiscal 2003.
For the full 2004 fiscal year, KLA-Tencor reported net income of $244 million on revenues of $1.5 billion versus net income of $137 million on revenues of $1.3 billion in its 2003 fiscal year.
"Our strong financial performance for both the quarter and the year is the direct result of our customers' escalating investments in process control to help them stay on Moore's law and become the low cost producer of advanced chips," said Ken Schroeder, president and chief executive officer of KLA-Tencor, in a statement. "This trend is intensifying with each new device generation since process control helps semiconductor manufacturers speed technology ramps, increase manufacturing yields and lower their capital costs by extending the life of their existing process toolsets. As a result, process control continues to represent a larger portion of our customers' capital budgets."
During the quarter, orders for wafer inspection systems rose sharply, while demand for reticle inspection and metrology systems remained strong. Geographically, Japan and Taiwan represented the largest sequential order increases and were above their historical average share of total orders. The U.S. was within its historical average, while Europe, Korea, China and Singapore were below their historical averages, the company said.