Boston, MA 04/30/2014 (wallstreetpr) – One of the leading providers of programmable solutions, Altera Corporation (NASDAQ:ALTR) is operating to enable business of electronic system designers to rapidly provide innovative and cost efficient solutions to achieve their business goals and targets. Altera offers complimentary technologies to the consumers thereby provide competitive advantage globally.
Release of 1Q2014 Results
Altera Corporation (NASDAQ:ALTR) recently announced its financial result of 1Q2014. The company registered the net sales as $461.1, i.e. 1% increase from the 4Q2013 and 12% increase from 1Q2013 results. The net income amounted to $116.5 million compared to $98.9 million in the 4Q2013.Cash flow from operating activities accounted to $130.4 million. Recently the Board of Director has declared quarterly cash dividend of $0.15 per share, to be distributed on June 2, 2014. President and CEO of Altera, John Dane, said that the result exceeded the expectations of the stakeholders and the company.
It is now operating to ship Arria 10 FPGAs that is designed for offering more logic than any other FGPS. It also holds high end potential to deliver great speed that exceeds prior generation. Further Altera Corporation is also advancing towards making substantial progress towards development of Statrix 10 devices. These operate to provide twice the performance that is presently delivered by high-end FGPA with more logic and low cost.
Achievement of Industrial Milestone
Altera Corporation (NASDAQ:ALTR) recently on April 23, 2014 announced the demonstration of its latest FGPA technology. The latest technology is based on Intel’s 14 nm Tri-gate process. It is a resultant of the collaboration between Altera and Intel Corporation for the development of Industry’s first FGPA. Senior VP of Research and development of Altera remarked it as a significant step towards registering a milestone in the booming industry. It has also released a comprehensive test chip program to provide low risk for release of its subsequent products. Use of Intel technology in Statrix 10 FPGAs and SOCs are made for enabling high performance and efficiency.
