On Wednesday, Shares of Inphi Corporation (NYSE:IPHI), gained 12.92% to $20.80.
Inphi Corporation, declared the financial results for its first quarter ended March 31, 2015.
Revenue in the first quarter of 2015 was $59.2 million, up 8.0% sequentially from $54.8 million stated in the fourth quarter of 2014. This was up 90% year over year contrast with $31.2 million in the first quarter of 2014.
Gross margin under U.S. generally accepted accounting principles (GAAP) in the first quarter of 2015 was 50.6%, contrast with 64.5% of revenue in the first quarter of 2014. The decline in gross margin was primarily due to the amortization of inventory fair value step-up related to the attained Cortina inventories, sold during the first quarter of 2015, and amortization of the attained intangibles.
GAAP net loss in the first quarter of 2015 was $9.7 million, or ($0.26) per diluted common share, contrast with GAAP net loss of $1.0 million, or ($0.03) per diluted common share, in the first quarter of 2014.
Inphi reports revenue, gross margin, operating expenses, net income (loss), and earnings per share in accordance with GAAP and on a non-GAAP basis.
Gross margin on a non-GAAP basis in the first quarter of 2015 was 66.6%, contrast with 65.3% in the first quarter of 2014.
Non-GAAP net income in the first quarter of 2015 was $9.3 million, or $0.23 per diluted common share. This contrast with non-GAAP net income of $2.9 million, or $0.09 per diluted common share in the first quarter of 2014.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at data speeds while reducing system power consumption.
At the end of Wednesday’s trade, Shares of salesforce.com, inc. (NYSE:CRM), jumped 11.60% to $74.65, hitting its highest level.
salesforce.com, declared that its first quarter fiscal 2016 results will be released on Wednesday, May 20, 2015, after the close of the market. The company will host a conference call at 2:00 p.m. (PDT) / 5:00 p.m. (EDT) to talk about its financial results with the investment community. A live web broadcast of the event will be accessible on the Salesforce Investor Relations website at www.salesforce.com/investor.
salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship administration to various businesses and industries worldwide. The company offers enterprise cloud computing apps and platform services, counting Sales Cloud for sales force automation, which enables companies to store data, access accurate customer and prospect information, track leads and progress, forecast opportunities, and collaborate around any sale on desktop and mobile devices.
Cardica Inc. (NASDAQ:CRDC), ended its last trade with 10.54% gain, and closed at $0.40, hitting its lowest level.
Cardica, declared that it will release financial results for its fiscal third quarter ended March 31, 2015, on Wednesday, May 6, 2015, after the markets close. Cardica’s administration will host a conference call at 4:30 p.m. Eastern Time to talk about the financial results and provide an update on the company’s business.
Cardica, Inc. designs, manufactures, and markets automated anastomotic systems for use by cardiac surgeons to perform coronary bypass surgery in the United States and internationally.
Finally, China Techfaith Wireless Communication Technology Limited (NASDAQ:CNTF), closed at $1.15, with 9.52% gain.
China Techfaith Wireless Communication Technology, declared it has filed its Annual Report Form 20-F for the fiscal year ended December 31, 2014 with the U.S. Securities and Exchange Commission on April 28, 2015. The annual report on Form 20-F, which contains TechFaith’s audited financial statements, can be accessed on the SEC’s website at www.sec.gov or on the Company’s investor relations website at www.techfaithwireless.com.
China Techfaith Wireless Communication Technology Limited is engaged in the original design, development, and sale of mobile handsets in the People’s Republic of China and internationally.
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