Applied Micro Circuits (AMCC) Tops Q4 EPS by 2c

Applied Micro Circuits (NASDAQ: AMCC) reported Q4 EPS of ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $37 million versus the consensus estimate of $36.59 million.

Commenting on AppliedMicro's fourth quarter and fiscal 2015 full year operations, Dr. Paramesh Gopi, President and Chief Executive Officer, said, "We concluded fiscal 2015 on a high note, having achieved a number of significant milestones, including fourth quarter financial results above the mid-point of our guidance range; stability in our base business; increased momentum with our HeliX® family of embedded processors; and the realization of our goal to ship 10,000 X-Gene® units."

"As we look ahead to fiscal 2016, we see our base business on solid footing and are excited about design win traction with both our HeliX and X-Weave® product lines. Moreover, we are pleased with the growing end-customer adoption of our X-Gene product family as validated by our expanding pipeline of new design wins," concluded Dr. Gopi.

For earnings history and earnings-related data on Applied Micro Circuits (AMCC) click here.

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