National profits healthy on back of analogue

National profits healthy on back of analogue
Tom Foremski
National Semiconductor has beaten analyst estimates, reporting $70.1m profit in its first quarter fiscal 1998 on sales of $600.8m. The company says that sales grew by 39 per cent compared with first quarter sales one year ago.
“Improved new order rates through the summer period enabled us to achieve our fifth consecutive quarter of increased revenues and operating earnings for our core business,” said Brian Halla, CEO of National Semiconductor.
Sales were led by 50 per cent growth in analogue products and 30 per cent growth in its Personal Systems and Communications and Consumer groups compared with last year. National expects improved sales next year from new products that integrate X86 microprocessor cores from Cyrix.

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