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ATI reports record revenues in the first quarter

ATI Technologies today announced its financial results for the first quarter of its 2004 fiscal year, which ended November 30, 2003. Revenues for the quarter were US$469.7 million, a 40% increase relative to the first quarter of fiscal 2003. The net income for the quarter was $47.4 million or $0.19 per share compared to net income of $22.3 million or $0.09 per share for the fourth quarter of fiscal 2003 and net income of $7.3 million or $0.03 per share for the first quarter last year. Further details are available in the press release.

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