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Analog Devices 4th-qtr revenue rises nearly 54 pct
November 21, 2017 / 1:11 PM / 25 days ago

Analog Devices 4th-qtr revenue rises nearly 54 pct

Nov 21 (Reuters) - Chipmaker Analog Devices Inc on Tuesday reported a 53.6 percent rise in quarterly revenue, helped by demand from industrial, autonomous cars and connected devices market.

Net income rose to $347.7 million, or 93 cents per share, in the fourth quarter ended Oct. 28, from $296.2 million, or $95 cents a share, a year earlier.

Revenue rose to $1.54 billion from $1.00 billion. (Reporting by Sonam Rai in Bengaluru; Editing by Shounak Dasgupta)

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