Synaptics Raises Fiscal Fourth Quarter Revenue Outlook

            Synaptics Raises Fiscal Fourth Quarter Revenue Outlook

PR Newswire

SAN JOSE, Calif., June 10, 2014

SAN JOSE, Calif., June 10, 2014 /PRNewswire/ --Synaptics (NASDAQ: SYNA), a
leading developer of human interface solutions, today updated its revenue
outlook for the fourth quarter ending June 30, 2014. The Company also issued
a separate press release today announcing thatit has signed a definitive
agreement to acquire all of the outstanding equity of Renesas SP Drivers,
Inc., the industry leader in small and medium-size display driver ICs (DDICs)
for smartphones and tablets.

For the fourth quarter of fiscal 2014, Synaptics expects to report record
revenue in the range of $300.0 million to $310.0 million, up from its previous
guidance of $275.0 million to $295.0 million and representing an increase of
30% to 35% over the prior year period. Further, revenue for fiscal 2014 is
expected to be $933.0 million to $943.0 million, an increase of 41% to 42%
compared to the prior year. The improved revenue guidance is driven by better
than expected performance for both mobile and PC products.

Additional information for the fourth quarter will be available when Synaptics
reports its quarterly results on July 31, 2014. The Company will issue a
press release announcing the details of its fourth quarter conference call
closer to the date.

About Synaptics Incorporated
As a leading developer of human interface solutions which enhance the user
experience, Synaptics provides the broadest solutions portfolio in the
industry. The ClearPad® family supports touchscreen solutions for devices
ranging from entry-level mobile phones to flagship premium smartphones,
tablets and notebook PCs. The TouchPad™ family, including ClickPad™ and
ForcePad®, is integrated into the majority of today's notebook PCs. Natural
ID™ fingerprint sensor technology enables authentication, mobile payments, and
touch-based navigation for smartphones, tablets, and notebook computers.
Synaptics' wide portfolio also includes ThinTouch® supporting thin and light
keyboard solutions, as well as key technologies for next generation
touch-enabled video and display applications. (NASDAQ: SYNA)
www.synaptics.com.

Use of Non-GAAP Financial Information
In evaluating its business, Synaptics considers and uses net income excluding
share-based compensation, change in contingent consideration, and certain
non-cash or non-recurring items as a supplemental measure of operating
performance. Net income excluding share-based compensation, change in
contingent consideration, and certain non-cash or non-recurring items is not a
measurement of the company's financial performance under GAAP and should not
be considered as an alternative to GAAP net income. The company presents net
income excluding share-based compensation, change in contingent consideration,
and certain non-cash or non-recurring items because it considers it an
important supplemental measure of its performance. The company believes this
measure facilitates operating performance comparisons from period to period by
eliminating potential differences in net income caused by the existence and
timing of share-based compensation charges, change in contingent
consideration, and certain non-cash or non-recurring items. Net income
excluding share-based compensation, change in contingent consideration, and
certain non-cash or non-recurring items has limitations as an analytical tool
and should not be considered in isolation or as a substitute for the company's
GAAP net income. The principal limitations of this measure are that it does
not reflect the company's actual expenses and may thus have the effect of
inflating its net income and net income per share.

Forward-Looking Statements
This press release contains "forward-looking" statements about Synaptics, as
that term is defined under the federal securities laws. Synaptics intends
such forward-looking statements to be subject to the safe harbor created by
those laws. Such forward-looking statements include, but are not limited to,
statements regarding future operating and financial performance, including
revenue for the Company's fourth fiscal quarter of 2014 and full 2014 fiscal
year. Synaptics cautions that these statements are not guarantees of future
performance and are qualified by important factors that could cause actual
results to differ materially from our current expectations. Such factors
include, but are not limited to, (a) demand for Synaptics' products, (b)
market demand for OEMs' products using Synaptics' solutions, (c) changing
market demand trends in the markets Synaptics serves, (d) the success of
Synaptics' customers' products that utilize Synaptics' product solutions, (e)
the development and launch cycles of Synaptics' customers' products, (f)
market pressures on selling prices, (g) changes in product mix, (h) the market
acceptance of Synaptics' product solutions compared with competitors'
solutions, (i) general economic conditions, including consumer confidence and
demand, and (j) other risks as identified from time to time in Synaptics' SEC
reports, including Synaptics' Annual Report on Form 10-K for the fiscal year
ended June 29, 2013, and subsequent quarterly and periodic reports,
registration statements, amendments and other reports that we may file from
time to time with the SEC and/or make available on our website. All
forward-looking statements are based on information available to Synaptics on
the date hereof, and Synaptics assumes no obligation to update the
forward-looking statements provided, whether as a result of new information,
future events or otherwise.

For more information contact:

Jennifer Jarman
The Blueshirt Group
415-217-5866
jennifer@blueshirtgroup.com



SOURCE Synaptics Inc.

Website: http://www.synaptics.com
 
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