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Skyworks Solutions Inc. (SWKS) filed Quarterly Report for the period ended 2011-12-30.
Skyworks Solutions Inc. has a market cap of $4.4 billion; its shares were traded at around $23.44 with a P/E ratio of 15.5 and P/S ratio of 3.1.
This is the annual revenues and earnings per share of SWKS over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of SWKS.
Highlight of Business Operations:
The following table sets forth the results of our operations expressed as a percentage of net revenue for the three months ended December 30, 2011 and December 31, 2010:Revenue increased by 17.5% to $393.7 million when compared to the corresponding period in the prior fiscal year. This increase in revenue is driven by our strategic diversification of products through key acquisitions made during fiscal 2011 in addition to growth in our core business.
We generated net revenue of $393.7 million for the three months ended December 30, 2011, as compared to $335.1 million for the corresponding period in fiscal 2011, an increase of 17.5%. The increase in revenue was primarily driven by the contributions from the acquisitions made during the prior fiscal year and growth in our core business.
Gross profit increased by $23.3 million for the three months ended December 30, 2011 as compared to the corresponding period in fiscal 2011. This increase was the result of the aforementioned increase in net revenue as quarter over quarter margin decreased slightly. Gross profit margin decreased to 43.6% for the three months ended December 30, 2011. The slight decrease in gross profit margin was due to increased share-based compensation and a shift in product mix offset by higher factory utilization. During the first quarter of fiscal 2012, we continued to benefit from higher contribution margins associated with the licensing and/ or sale of intellectual property.
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