Inphi Reports Preliminary First Quarter 2020 Results
INPHI (IPHI)
Last inphi earnings: 2/4 04:05 pm
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US:NYSE Investor Relations:
inphi.com/investors
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Source: GlobeNewswire
SANTA CLARA, Calif., April 21, 2020 (GLOBE NEWSWIRE) -- Inphi Corporation (NYSE: IPHI), a leader in high-speed data movement interconnects, today announced preliminary financial results for the first quarter of 2020, ending March 31, 2020. Our revenue and operating income are expected to be higher for the first quarter than the midpoint of our February 4th guidance of $132.4M for revenue. Based on the midpoint of the guidance given at that time, the associated GAAP Operating Loss was expected to be ($18.6M) and the Non-GAAP Operating Income was expected to be $25.2M. This result was due primarily to higher revenue in Q1 than anticipated coming from our Cloud customers. Revenue contributed from our January 10th acquisition of eSilicon was also slightly higher than originally anticipated. In addition, as of March 31, 2020, we had $238.2M in cash and short term investments. “We began calendar 2020 expecting strong new product-cycle driven growth for our PAM and coher
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