SIGM reports Q4 non-GAAP of $0.80, 3 cents shy of estimates

On $76.4 million in revenues, ahead of $75.9 mil estimates.

Management Comment

“We are pleased to report another record setting quarter for the company in terms of revenue and profitability, capping off a year of phenomenal growth. In our fourth quarter, we achieved a revenue increase of 15% to reach $76.4 million, our ninth consecutive quarter of double-digit sequential revenue growth, and brought $35.3 million of that down to our GAAP net income line. Our revenue increase is a result of increased demand from the IPTV set-top box market. The ramp of continuing IPTV deployments coupled with our clear leadership position has resulted in strong demand from our worldwide base of set-top box and telco customers. Our current leadership in Blu-ray players, now taking on renewed significance due to the resignation of HD-DVD, is also contributing significantly to our top line. Additionally, we are encouraged by the potential opportunities emerging for our strategic initiatives, including penetration into the HDTV market, the Ultra-wideband (UWB) connectivity market, and digital media adapter products,” stated Thinh Tran, chairman and chief executive officer, Sigma Designs.

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