Microchip reports record quarter with strong sales growth

Microchip Technology Inc. reported another record quarter, with sales up 61 percent year over year. Microchip (Nasdaq: MCHP), the Chandler-based semiconductor company, announced its financial results for its second quarter of fiscal year 2017 today. Microchip reported net income of $33.9 million, or 15 cents per share, on revenue of $871.4 million, for the quarter ended Sept. 30. That compares to net income of $64.9 million, or 30 cents per share, on revenue of $541.4 million for the same quarter…
http://feeds.bizjournals.com/~r/bizj_phoenix/~3/aA5yyleEcmw/microchip-reports-record-quarter-with-strong-sales.html

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