ATI reports financial results

— 4:58 AM on October 8, 2004

ATI has posted record revenues for the fourth quarter of its fiscal year, which ended on August 31. Here's a snippet from the press release:

ATI reported revenues of $572.2 million for the fourth quarter of fiscal 2004 (ended August 31, 2004), a 50.3% increase over the fourth quarter a year earlier. Gross margin declined 1.8 percentage points to 33.8% over the same period of the previous year as a result of costs associated with the ramp of a number of new desktop products. Net income2 per share was $0.24 for the quarter compared to $0.09 last year. ATI’s cash position increased $40.9 million during the quarter to $548.9 million as of August 31, 2004.
For all of fiscal 2004, ATI's revenues grew 44% over 2003. Yearly net income was also up from $0.14 to $0.80 per share.
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