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Record quarterly revenue of $3.97 billion, up 20% year over year, with record year-end backlog of $6.03 billion, up 32%.
November 20, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. reported record results in its fourth quarter and fiscal year ended Oct. 29, 2017. Compared to the fourth quarter of fiscal 2016, Applied grew net sales by 20% to $3.97 billion. On a GAAP basis, the company reported gross margin of 45.0%; operating income of $1.10 billion; and earnings per share (EPS) of $0.91. On a non-GAAP adjusted basis, year over year, the company increased gross margin by 2.5 points to 46.2%, grew operating income by 37% to $1.14 billion or 28.7%...
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