ATI reports financial results
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
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.