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Ambarella Q4 2018 revenue down 19.3%

Staff Writer | March 2, 2018
Ambarella announced financial results for its fourth quarter fiscal 2018 ended January 31, 2018.
Ambarella
Ambarella   Gross margin under GAAP
Revenue for the fourth quarter of fiscal 2018 was $70.6 million, down 19.3% from $87.5 million in the same period in fiscal 2017.

For the fiscal year ended January 31, 2018, revenue was $295.4 million, down 4.8% from $310.3 million for the fiscal year ended January 31, 2017.

Gross margin under U.S. generally accepted accounting principles (GAAP) for the fourth quarter of fiscal 2018 was 64.3%, compared with 66.9% for the same period in fiscal 2017.

For the fiscal year ended January 31, 2018, GAAP gross margin was 63.6%, compared with 66.1% for the fiscal year ended January 31, 2017.

GAAP net income for the fourth quarter of fiscal 2018 was $1.3 million, or $0.04 per diluted ordinary share, compared with GAAP net income of $18.4 million, or $0.53 per diluted ordinary share, for the same period in fiscal 2017.

GAAP net income for the fiscal year ended January 31, 2018 was $18.9 million, or $0.55 per diluted ordinary share.

This compares with GAAP net income of $57.8 million, or $1.68 per diluted ordinary share, for the fiscal year ended January 31, 2017.


 

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