Freescale, soon to be part of NXP as a consequence of the deal announced in March 2015, continues its slow recovery from its previously troubled financial position.Freescale, soon to be part of NXP as a consequence of the deal announced in March 2015, continues its slow recovery from its previously troubled financial position.
In its latest statement, the company says it grew Q1 sales to $1.17billion, a 6% increase over the same quarter in 2014.
"First quarter results marked another quarter of solid execution for Freescale," claimed Gregg Lowe, pictured, president and CEO. "Revenue and earnings per share both showed strong sequential and year over year improvement. In addition, the increase in gross margin represents the ninth consecutive quarter of growth in margins and the third quarter in a row of record gross margins."
In terms of product group performance, MCU sales for Q1 2015 reached
$235million, compared to $223m in Q1 2014. Sales of 32bit devices into distribution and higher sales of applications processors into the automotive market contributed to the performance. Meanwhile, sales of automotive MCUs were said to be $307m, some 10% up on Q1 2014.
Digital networking sales declined significantly, but analogue and sensors generated $207m. RF sales were $184m.
Author
Graham Pitcher
Source: www.newelectronics.co.uk