Aug 3, 2012 - US semiconductor maker Ixys Corp (NASDAQ:IXYS), which also supplies equipment for the solar and wind power technology sector, saw its net profit decline to USD 6 million (EUR 5m) in its first quarter through June from USD 10 million a year before.
The company’s performance was affected by weaker demand on the markets it is focused on, it said in a statement on Friday.
Gross margin declined slightly to 33.6% from 34.4% in the same period of 2011, while revenues fell to USD 80.9 million from USD 101.8 million.
Ixys explained that its second fiscal quarter was usually weaker so it guided for 8% to 12% sequentially lower July-September revenues.
At the end of June, the company has USD 103.4 million in cash.