Cypress Reports Fourth-Quarter and Year-End 2013 Results

SAN JOSE, Calif. — (BUSINESS WIRE) — January 23, 2014 — Cypress Semiconductor Corp. (NASDAQ: CY) today announced its fourth-quarter 2013 and fiscal year 2013 results, which included the remarks below from its president and CEO, T.J. Rodgers. Highlights for the quarter included:

  • Earnings came in at high end of guidance
  • Book-to-bill increased to 1.08, its highest level in almost two years
  • Non-GAAP operating expenses at a 14-year low
  • Dividend yield was 4.3% with favorable tax treatment

Fellow shareholders:

Our revenue and earnings for the quarter are given below, compared with those of the prior quarter and prior year:

(In thousands, except per-share data)

   
NON-GAAP GAAP
Q4 2013   Q3 2013   Q4 2012 Q4 2013   Q3 2013   Q4 2012
Revenue $ 167,776 $ 188,723 $ 180,283 $ 167,776 $ 188,723 $ 180,283
 
Gross margin 51.0 % 53.8 % 51.5 % 45.6 % 48.6 % 46.7 %
 
Pretax margin 9.4 % 12.5 % 4.4 % -7.0 % -5.1 % -12.9 %
 

Net income (loss)

$ 14,992 $ 22,015 $ 8,300 $ (13,577 ) $ (8,358 ) $ (22,219 )
 
Diluted EPS (loss) $ 0.09 $ 0.14 $ 0.05 $ (0.09 ) $ (0.06 ) $ (0.15 )
 

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise