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Product category: DC/DC Convertors
News Release from: Emerson Network Power - Embedded Power
Edited by the Electronicstalk Editorial Team on 04 February 2005

Artesyn completes a year in the black

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Artesyn Technologies has reported financial results for the fourth quarter and fiscal year ended 31st December 2004.

Artesyn Technologies has reported financial results for the fourth quarter and fiscal year ended 31st December 2004 Sales for the fourth quarter of 2004 were $120.4 million, a 21% increase from the $99.3 million reported in the fourth quarter last year

Net income for the fourth quarter of 2004 was $5.3 million, or $0.12 per share, compared with net income of $1.2 million, or $0.03 per share, for the fourth quarter of 2003.

For the year ended 31st December 2004, Artesyn reported sales of $429.4 million, a 20% increase from fiscal year 2003 revenues of $356.9 million.

Net income