Infineon raises earnings outlook for Q2, full year FY 2016/17
Company earmarks higher amount for investment in current fiscal year
Infineon Technologies has raised financial outlook for the second quarter (Q2) and full financial year (FY) 2016/17 citing better-than-expected orders from automotive customers, the company said in a press release on 24 March. For the second quarter ending 31 March 2017, the company expects an 8% quarter-on-quarter (q/q) increase in revenue. Higher revenue is expected to help the German supplier record a segment result (operating income) margin of around 17%. For the full financial year ending 30 September 2017, Infineon forecasts revenue growth in range of 8-11% and operating margin of around 17%.
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