Neubiberg, May 4, (dpa/GNA) - German semiconductor manufacturer Infineon on Thursday posted profit from continuing operations before tax of €1.064 billion ($1.18 billion) for the second quarter, significantly higher than the €590 million seen in the same quarter a year ago.
The rise was helped by growth in revenue, Infineon said.
The company had a profit of €826 million or €0.63 per share for the quarter, up from €469 million or €0.35 per share last year. Excluding one-time items, adjusted earnings per share from continuing operations was €0.69 euros.
Quarterly revenue increased nearly 25% to €4.119 billion from €3.298 billion in the same period a year ago, driven by rise in demand.
Looking forward to the third quarter, the company sees revenue of about €4 billion.
For the full year, the company has raised its revenue outlook to €16.2 billion plus or minus €300 million from €15.5 billion plus or minus €500 million.
GNA