The company Micron reported for the second quarter of fiscal year 2017: for the year income increased by 58%

The ITC published its latest quarterly report. In accordance with the manufacturer’s reference system, March 2, he has ended the second quarter of 2017 financial year.

ITC income for the quarter was 4.65 billion dollars in revenue. It was on 17% more than in the previous quarter, and 58% more than a year ago. The company’s management explains this strong demand for memory type DRAM and NAND in limited supply.

Net profit for the reporting period amounted to 894 million dollars. For comparison, the previous quarter brought the company $ 170 million net profit a year ago quarter and did end with losses in the amount of USD 97 million.

Note that on R & d during the quarter was allocated to 473 million dollars.

Source: Micron

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