online engineering degree/engineering degree online/online engineering courses/engineering technology online/engineering courses online/engineering technician degree online/online engineering technology/electronic engineering online
PRNewswire: OmniVision reports the results for its fiscal quarter that ended on October 31, 2015. Revenues were $343.1M, as compared to $329.9M in the previous quarter, and $394.0M ia year ago. GAAP net income was $13.9M, as compared to $18.2M in the previous quarter, and $28.0M a year ago.
GAAP gross margin was 21.9%, as compared to 22.6% for the previous quarter and 22.0% a year ago. The decrease in gross margin was attributable to broad-based price erosions, particularly in the mobile phone market.
The Company ended the period with cash, cash equivalents and short-term investments totaling $613.5M, an increase of $19.7M from the previous quarter.
"
We are very pleased with our second quarter results. We have exceeded our own expectations, despite demand uncertainties in our various target markets," said Shaw Hong, CEO of OmniVision. "
Regardless of these short-term uncertainties, we will continue to invest in the future of our business, and ultimately, return to our long-term growth trajectory."
Based on current trends, the Company expects revenues for the next quarter in the range of $310M to $340M.
online civil engineering technology degree/online electrical engineering degree/online electrical engineering degree abet/online electrical engineering technology degree/online engineering courses/online engineering degree/online engineering technology/online engineering technology degree/online engineering technology degree programs/online mechanical engineering technology degree
