Needham & Company Upgrades Ambarella (AMBA) to Hold

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Go back to Needham & Company Upgrades Ambarella (AMBA) to Hold

Ambarella, Inc. Announces First Quarter Fiscal 2016 Financial Results

June 2, 2015 4:05 PM EDT

SANTA CLARA, Calif., June 2, 2015 (GLOBE NEWSWIRE) -- Ambarella, Inc. (Nasdaq: AMBA), a leading developer of low-power, HD video compression and image processing semiconductors, today announced financial results for its first fiscal quarter ended April 30, 2015.

- Revenue for the first quarter of fiscal 2016 was $71.0 million, up 73.5% from $40.9 million in the same period in fiscal 2015.

- Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2016 was 64.7%, compared with 62.5% for the same period in fiscal... More