Ad
Ad
Ad
Ad
Ad
Ad
Ad
Components | March 14, 2012

Summit with record revenues and profit

Summit Microelectronics achieved record revenues and profits for the fourth quarter and full year of 2011.
"Summit had an outstanding year,” said Patrick Brockett, Summit's president and CEO. "Our record year was topped off with fourth quarter 2011 revenues more than doubling from fourth quarter 2010. Our design-win momentum continues to accelerate, and we are confident that the company will set new highs in financial performance in 2012."

Brockett continued, "Summit is already outperforming the industry in revenue growth, revenue-per-head and return on R&D investment. This performance has enabled us to reach our pre-tax profit goal in the twenty percent range much earlier than planned." Brockett explained that the company’s growth was driven by multiple design wins in the smart phone and tablet market segments where the need for long battery life and safe, fast charging demand the type of product technology supplied by Summit.

Additionally, Summit’s recent success was bolstered by a new line of programmable DC-DC converters winning volume designs in the communications, server, set-top box, and tablet and ultra-book PC markets.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
November 14 2017 8:30 PM V8.8.9-1