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 »



Review Article Be the first to review this article

Harris

Featured Video
Jobs
GIS Specialist for Metro Wastewater Reclamation District at Denver, Colorado
Upcoming Events
SUE Association at Capitol Skyline Hotel 10 “I” Eye Street, SW Washington, DC - Jul 26, 2018
2018 ENVI Analytics Symposium at The Brown Palace Hotel & Spa Denver CO - Aug 21 - 23, 2018
2018 South Florida GIS Expo at 650 Okeechobee Blvd West Palm Beach FL - Aug 23 - 24, 2018
SPTechCon 2018 at Sheraton Boston Hotel Boston MA - Aug 26 - 29, 2018
Canon: oce crystalPoint
Teledyne Optech
Teledyne:
Interdrone 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise