Ambarella (AMBA) Tops Q4 EPS by 8c
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Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2018 Financial Results
March 1, 2018 4:05 PM ESTSANTA CLARA, Calif., March 01, 2018 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), a leading developer of low-power, HD and Ultra HD video compression, image processing, and computer vision solutions, today announced financial results for its fourth quarter and fiscal year 2018 ended January 31, 2018.
Revenue for the fourth quarter of fiscal 2018 was $70.6 million, down 19.3% from $87.5 million in the same period in fiscal 2017. For the fiscal year ended January 31, 2018, revenue was $295.4 million, down 4.8% from $310.3 million for the fiscal year ended January 31, 2017.Gross margin under U.S. generally accepted accounting principles (GAAP)... More