IXYS Corp. (Santa Clara, CA) released its financial results for its fourth fiscal quarter and fiscal year ended March 31, 2001 with record annual and quarterly revenues and net income. For the fourth fiscal quarter ending March 31, 2001, IXYS reported net revenues of $32.0 million, an increase of 42.0 percent from the $22.5 million reported in the same period of the prior fiscal year. Net income for the fourth fiscal quarter ending March 31, 2001 was $3.8 million, or $0.13 per diluted share, an increase of 60.7 percent from the $2.4 million, or $0.09 per diluted share, reported in the same period of the prior fiscal year.
For the fiscal year ended March 31, 2001 IXYS reported net revenues of $111.4 million, and increase of 45.4 percent from the $76.6 million reported in the prior fiscal year. Net income for the fiscal year ended March 31, 2001 was $13.6 million, or $0.49 per diluted share, an increase of 96.9 percent from the $6.9 million, or $0.28 per diluted share, reported in the prior fiscal year.
“We are pleased to report that despite the weakness in the semiconductor industry, we have just completed an unprecedented twelfth consecutive quarter of record revenue and seventeenth consecutive quarter of revenue growth,” stated President and CEO Nathan Zommer. “We remain well positioned in the high-power, high-performance end of the power semiconductor market, which we believe is the right place to be for continued technological advancement.”
