Elpida reports first profit in nine quarters

Posted on Friday, January 29 2010 @ 5:41 CET by Thomas De Maesschalck
Japanese memory maker Elpida returned to profitability last quarter after eight quarters of losses. The company recorded net profits of 21.1 billion yen ($234 million) as its revenue grew 57.5 percent sequentially to 151 billion yen.
Elpida said higher DRAM prices boosted its ASP by 30% on quarter in fiscal third-quarter 2009, and by 60% compared with a year ago. It also saw DRAM bit shipments grow 30% sequentially, beating the company's guidance of 10-15% growth.

As a result of higher shipments and ASPs, sales of Elpida's DRAM line for servers and PCs rose considerably to account for about 80% of the company's net sales in the fiscal third quarter, compared to just under 70% in the July-September quarter.

Elpida said its DRAM line for mobile phones and digital consumer electronics, which accounted for about 20% of its fiscal third-quarter revenues, registered a slight shipment decrease on quarter due to seasonality.
More info at DigiTimes.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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