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Net sales, non-GAAP EPS up sequentially and in high end of guidance
February 13, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. reported results for its first quarter of fiscal 2014 ended Jan. 26, 2014. Applied generated orders of $2.29 billion, up 9% from the prior quarter, led by demand for Silicon Systems Group products. Net sales were $2.19 billion, up 10% sequentially. Non-GAAP adjusted gross margin increased to 42.5% while non-GAAP adjusted operating income grew 18% sequentially to $380 million or 17.4% of net sales. Non-GAAP adjusted net income grew 22% sequentially to $279 million or 23...
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