KLA-Tencor: Fiscal 1Q10 Financial Results

KLA-Tencor Corporation announced operating results for its first quarter of fiscal year 2010, which ended on September 30, 2009. KLA-Tencor reported GAAP net income of $20 million and GAAP earnings per diluted share of $0.12 on revenues of $343 million for the first quarter of fiscal year 2010.

"KLA-Tencor delivered stronger-than-expected results and returned to profitability in the first quarter of fiscal 2010, led by a sharp increase in demand from foundry customers. Our results were also favorably impacted by a one-time non-operating gain and by a lower than normal tax rate," commented Rick Wallace, President and Chief Executive Officer of KLA-Tencor. "We announced several new products targeted at addressing our customers’ next-generation wafer and reticle inspection requirements. As our customers increase their technology investments at the leading edge, we are advancing our market leadership while remaining focused on cost discipline."