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Results
Applied Materials reports FQ3 net sales (to August 1, 2004) at $2.24bn, up 104% on FQ3 2003's $1.09bn.
Applied Materials reports FQ3 net sales (to August 1, 2004) at $2.24bn, up 104% on FQ3 2003's $1.09bn. Net income was $441mn, up from a net loss of $37mn in FQ3 2003. New orders were up 134% at $2.46bn with a regional distribution of 28% in Taiwan, 19% in North America, 17% in Japan, 15% in Southeast Asia and China, 12% in Korea and 9% in Europe. Backlog at the end of the quarter was $2.99bn. The company has set targets for FQ4 of increasing both new orders and revenue by 5%.
