Growing Customer Base, R&D Investments, and Portfolio Enhancement Accelerate Revenue Growth - Research Report on OmniVision Technologies, Splunk, Atmel, IDT, and Perfect World PR Newswire NEW YORK, June 5, 2013 NEW YORK, June 5, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Wall Street Reports announced new research reports highlighting OmniVision Technologies, Inc. (NASDAQ: OVTI), Splunk Inc. (NASDAQ: SPLK), Atmel Corporation (NASDAQ: ATML), Integrated Device Technology Inc. (NASDAQ: IDTI), and Perfect World Co., Ltd. (ADR) (NASDAQ: PWRD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. OmniVision Technologies, Inc. Research Report On May 30, 2013, OmniVision Technologies, Inc. (OmniVision) reported financial results for Q4 FY 2013 and full-year FY 2013 (period ended April 30, 2013). For the quarter, the Company's revenues increased 53.9% YoY to $336.2 million. GAAP net income was $8.9 million, or $0.17 per diluted share in Q4 FY 2013, compared with $2.7 million, or $0.05 per diluted share in Q4 FY 2012. Revenues for FY 2013 were $1.4 billion as compared to $897.7 million in FY 2012. Commenting on the results, Shaw Hong, OmniVision's Chief Executive Officer, said, "In fiscal 2013, we completed a record year both in terms of revenues and unit shipments. We are proud to have exceeded a billion dollars in revenues and would like to thank our suppliers, employees, and customers. We believe that our reported results are beginning to validate our cost reduction efforts, and we will strive further to improve our cost structure." The Company expects revenues of $355 million to $390 million for Q1 FY 2014. The Full Research Report on OmniVision Technologies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/6db5_OVTI] -- Splunk Inc. Research Report On May 30, 2013, Splunk Inc. (Splunk) announced results for Q1 FY 2014 (period ended April 30, 2013). Total revenue increased 54% YoY to $57.2 million, while license revenue increased 48% YoY to $36.2 million. The Company reported GAAP operating loss of $15.7 million, or $0.16 per share. Commenting on the results, Godfrey Sullivan, Splunk's Chairman and Chief Executive Officer said, "We are off to a strong start in the first quarter and I'm pleased with our new customer acquisition and financial performance." For Q1 FY 2014 (period ending July 31, 2013), the Company expects total revenue to be between $61 million and $63 million. For full-year FY 2014, the Company has updated its guidance and now expects total revenue to be between $266 million and $274 million. The Full Research Report on Splunk Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2cb2_SPLK] -- Atmel Corporation Research Report On May 22, 2013, Atmel Corporation, (Atmel) announced that Steve Skaggs has been appointed as the Company's Senior Vice President and Chief Financial Officer, with immediate effect. He had been serving as interim Chief Financial Officer since April 2, 2013. He joined Atmel in 2010 after working at Lattice Semiconductor, where he served as President and Chief Executive Officer and also as Chief Financial Officer. Prior to Lattice, he was employed by Bain & Company, an international strategic consulting firm, where he specialized in high technology product strategy, mergers and acquisitions, and corporate restructurings. The Full Research Report on Atmel Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3a1a_ATML] -- Integrated Device Technology Inc. Research Report On May 29, 2013, Integrated Device Technology (IDT) announced that it has signed a definitive agreement to divest its PCI Express (PCIe) enterprise flash controller business and related PCIe intellectual property assets to PMC-Sierra, Inc. Ted Tewksbury, IDT's President and Chief Executive Officer, said, "The divestiture of our PCIe flash controller business enables IDT to capitalize on our early investments in this disruptive technology. Going forward, we will focus on our R&D investments on advanced timing, wireless power, memory interface, and communications signal chain solutions. This enhanced focus will accelerate operating margin expansion while sustaining long-term revenue growth." The purchase consideration consists of approximately $100 million in cash, subject to certain price adjustments. The transaction, which is anticipated to close in Q3 2013, has received the necessary board approvals, but will also be subject to applicable regulatory and closing conditions. The Full Research Report on Integrated Device Technology Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2dc9_IDTI] -- Perfect World Co., Ltd. (ADR) Research Report On May 28, 2013, Perfect World Co., Ltd. (Perfect World) announced its unaudited financial results for Q1 2013. Total revenues were RMB624.5 million ($100.6 million) as compared to RMB679.9 million in Q4 2012 and RMB718.5 million in Q1 2012. Net income attributable to the Company's shareholders was RMB131.0 million ($21.1 million) compared to RMB86.4 million in Q4 2012 and RMB209.8 million in Q1 2012. Commenting on the results, Robert Xiao, Perfect World's Chief Executive Officer, said, "Our revenues in the first quarter of 2013 were in line with our expectations. During the quarter, we continued to primarily focus on developing new content for our portfolio and pipeline and slow down promotional activities. As we expected, the overall performance of our existing games in the first quarter was softer, but we are pleased with the recent progress we have made in our portfolio and pipeline development." The Full Research Report on Perfect World Co., Ltd. (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/1b89_PWRD] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3.This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4.If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquires, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? 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SOURCE Wall Street Reports
Growing Customer Base, R&D Investments, and Portfolio Enhancement Accelerate Revenue Growth - Research Report on OmniVision
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