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Elpida reports first profit in nine quarters

Posted on Friday, January 29 2010 @ 05:41:47 CET by

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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