Infineon Technologies slightly increased revenue and profits

German semiconductor manufacturer Infineon Technologies reported the completion of the first quarter of the 2017 financial year, which the company ended on 31 December.

Infineon recorded revenue in the amount of 1.65 billion euros, 6% more than a year ago, but 2% less than in the previous quarter. Net profit for the quarter amounted to 161 million euros versus 152 million a year earlier and EUR 225 million in the previous quarter.

The bulk of the revenue (43%) the company receives through the sale of products for the automotive segment. This business grew 15%, to 705 million euros. Another 30% had sales of power management ICS. But then recorded a decline of revenue by 2% to EUR 497 million.

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