Applied Materials reported its net revenue for its first quarter of fiscal 2011 was $2.69 billion, compared to $1.85 billion in the same period of 2010 and $2.89 billion in one quarter ago. The company’s net profit soared from $83 million one year ago to $506 million.
Orders went down quarter-over-quarter, contracting by four percent in the Silicon Systems Group, by 13 percent in Applied Global Services, and by 19 percent in the Displays segment. Energy and Environmental Solutions (EES) however booked orders worth $668 million in the first quarter, up 22 percent more than in the fourth quarter of last year.
Net sales grew one percent to $1.5 billion in the Silicon Systems segment and 10 percent in Applied Global Services ($567 million). Display sales were $147 million, a decrease of 48 percent. EES also suffered a 22 percent drop quarter over quarter, sales fell to $476 million.
The order backlog improved by $292 million and now totals $3.54 billion worth of machines for making chips, displays and solar panels. Applied Materials expects things to stay the same or perhaps be five percent better in the second quarter of 2011.
As for the outlook for the rest of the year, the company’s CEO Mike Splinter said: “We see momentum building in our end markets and expect our company’s fiscal year revenue to be more than $11 billion, exceeding our previous record by over a billion dollars. We now expect wafer fab equipment spending to be up 10 to 15 percent from approximately $31 billion in calendar 2010, with crystalline silicon solar equipment spending rising by more than 30 percent year over year.”
Autodesk, famous for its widely popular AutoCAD software, also unveiled results, but for the fourth quarter and full year 2010. Revenue in the final quarter improved 16 percent, growing from $456.1 million last year to $527.7 million. For the entire fiscal year 2011, revenue was $1.95 billion, compared to $1.71 billion in fiscal year 2010.
Net profit also improved, taking a stroll upwards from $50.1 million in the last quarter of fiscal 2010 to $61.6 million. Shareholders were rather happy to see that net profit grew more than three times as much for the full year, trading in a highway for an Autobahn and rising from $58 million to $212 million for 2011.
Autodesk expects revenue in the first quarter of fiscal 2012 to be somewhere between $510 million and $525 million. Net revenue for the full year is seen to grow by approximately 10 percent. It is not known if the apocalypse foretold by the Mayan calender for 2012 also applies to fiscal years.