KLA-Tencor: Fiscal 4Q10 Financial Results

(in US$ millions)	4Q09	4Q10	FY09	FY10
Revenues	281.5	559.4	1,520	1,821
*Growth*		99%		20%
Net income (loss)	(25.6)	113.1	(523.4)	212.3

KLA-Tencor Corporation announced operating results for its fourth quarter and fiscal year ended June 30, 2010. KLA-Tencor reported GAAP net income of $113 million and GAAP earnings per diluted share of $0.66 on revenues of $559 million for the fourth quarter of fiscal year 2010. For the year ended June 30, 2010, the company reported GAAP net income of $212 million and GAAP earnings per diluted share of $1.23 on revenues of $1.8 billion.

"Robust product demand in each of our major end markets, geographies and product offerings, coupled with solid execution by the KLA-Tencor team resulted in strong financial results in the fourth quarter," said Rick Wallace, KLA-Tencor’s president and chief executive officer. "These results reflect our team’s commitment to helping customers solve complex yield challenges at the leading edge, as well as KLA-Tencor’s ability to execute against our strategic objectives in order to maintain our market and technology leadership."

Comments

Abstracts of the earnings call transcript:

Rick Wallace, president and CEO:
"We also expect continued strong revenue growth and margin performance with September revenue expected to be in the range of $620 million to $660 million and non-GAAP earnings per share in the range of $0.80 to $0.88."

Mark Dentinger, CFO:
"The Q4 distribution of new systems and services orders by product family in the quarter to quarter change in distribution was as follows. Wafer inspection was 48%, even with last quarter. Reticle inspection was 19%, up from 15% last quarter. Metrology was 14% up from 10% in the prior quarter, solar, storage, high brightness LED and other non-semi was 6% down from 8% last quarter and services was 13% of new orders in Q4, down from 19% last quarter.
"Looking forward we expect that new orders for our fiscal Q1 will be in range of 750 to 900 million."