International Rectifier announced financial results for the fourth quarter of its fiscal year 2011. Revenue for the fourth quarter fiscal year 2011 was $317.2 million, a 6.9% increase from $296.7 million in the third quarter fiscal year 2011 and a 20.3% increase from $263.8 million in the fourth quarter fiscal year 2010.
The company reported net income of $39.6 million, for the fourth quarter fiscal year 2011, compared with net income of $49.5 million in the third quarter fiscal year 2011.
Revenue for fiscal year 2011 was $1.18 billion, an increase of 31.4% or $281.3 million over revenue of $895.3 million for the previous fiscal year. Net income of $166.5 million for fiscal year 2011 was an increase of $85.7 million over net income of $80.8 million for the previous fiscal year.