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Year end 2008 at Linear Technology 23-07-08

Linear Technology reported financial results for the quarter and year ended June 2008. Revenue for the fourth quarter of fiscal year 2008 increased 3.1% to a quarterly record of $307.1 million compared to the previous quarter’s revenue of $297.9 million and increased 14.5% or $39.0 million over $268.1 million in the fourth quarter of fiscal year 2007. Fourth quarter Generally Accepted Accounting Principles (GAAP) net income of $103.1 million increased $3.9 million or 3.9% over $99.2 million reported in the third quarter of fiscal year 2008. Net income increased $7.4 million or 7.8% over the fourth quarter of fiscal year 2007. Revenue for the year 2008 was $1.175 billion, an increase of 8.5% or $92.1 million over revenue of $1.083 billion for the previous fiscal year. Net income decreased $24.1 million or 5.8% from $411.7 million reported in the previous fiscal year.

 


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