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Net sales of $2.35 billion, up 19 percent year over year, led by growth in the Silicon Systems Group
May 15, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. reported results for its second quarter of fiscal 2014 ended April 27, 2014. Applied generated orders of $2.63 billion, up 15% from the prior quarter, led by increases in Display and Silicon Systems. Net sales of $2.35 billion were up 7% sequentially, led by growth in Silicon Systems. Non-GAAP adjusted gross margin increased 170 basis points from the prior quarter to 44.2%. Non-GAAP adjusted operating income grew 27% sequentially to $482 million, or 20.5% of net sa...
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