Boston, MA 04/24/2014 (wallstreetpr) – Skyworks Solutions, Inc (NASDAQ: SWKS) released its quarterly earnings for the period ending March 28, 2014. The company reported the revenues at $481 million. It is an impressive figure as it is the rise of 13% year-over-year. The company had a guidance of $470 million. The revenue figures are much better than the expectations. The company deals in superior quality analog semiconductors.
Non-GAAP basis figures
The operating income calculated on Non-GAAP basis figures came at $130.4 million as compared to $99.7 million in the year ago period. It showed a rise of 31%. The company had a guidance of $0.59 earnings per share whereas it reported the same at $0.62. The operating income calculated on a GAAP basis came at $102.6 million and diluted earnings per share figure came at $0.40.
The areas in focus
Skyworks Solutions, Inc (NASDAQ: SWKS) have performed much better than the expectations. The company managed to exceed its guidance in all the ways. It is looking to enhance the profitability by focusing more on broader semiconductor industry. It wants to capitalize the opportunities in the sector that are arising out of the increasing analog system complexity. The strength is coming from the concentrated focus on the right areas. It is making all the efforts to enhance the custom solutions provided by Skyworks to its clients.
Dividend
Skyworks Solutions, Inc (NASDAQ: SWKS) wants to bring the connectivity in the new markets. They have got plans of expansions to accelerate growth and profitability. Skyworks have declared the first cash dividend of $0.11 per share. It is due on May 22, 2014. The record close date is May 13, 2014.
Future expectations
Skyworks is optimistic for the next quarter. It expects the revenue to rise by 23% year-over-year. It expects the non-GAAP diluted earnings to come at $0.73 in the next quarter. Skyworks Solutions, Inc (NASDAQ: SWKS) has expansion plans that will have a significant impact on its top line growth.
