ATI today said it made $2.2 million (one cent a share) in the three months to 31 August, the company's final quarter of its 2001 fiscal year. The quarter's revenues came in at $229.1 million, a 6.7 per cent fall on the same period last year. However, gross margins rose 5.5 per cent to 29.6 per cent and operating expenses fell 2.7 per cent to $88.3 million, allowing the company to record its small but welcome profit. Take into account one-off items, though, and that income disappears, replaced by an unadjusted $11.6 million loss (five cents a share) For the full year, ATI saw its revenues fall 19.1 per cent to $1.04 billion. The adjusted net loss for the year was $16.3 million (seven cents a share) - the unadjusted net loss was $54.2 million (23 cents a share). ATI blamed the decline in sales on the slowdown in the PC market, but believes it's now in a better position that it once was to capitalise on any revival in that arena and others.
News source: The Reg
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