Infineon lowers guidance as business softens
LONDON – Infineon Technologies AG (Munich, Germany) has updated its outlook for the third and fourth quarters of its 2012 fiscal year.
For the current, third fiscal quarter, which ends on June 30, Infineon now expects a slight decline in revenues compared to the second quarter and total segment result margin of about 12 percent. Previously Infineon had predicted sales and margin would be about the same as in the second fiscal quarter when the total segment result margin was 14.6 percent.
Infineon said that global economic uncertainties had led to softer than expected operating business for the company that was not fully compensated for by strength in the exchange rate of the U.S. dollar to the euro.
For the fourth quarter of the 2012 fiscal year, Infineon expects revenues and total segment result margin to be broadly flat compared to the third quarter of the 2012 fiscal year. The third calendar quarter of the year usually shows strong sequential growth.
Infineon said it will provide additional detail on the current quarter and the outlook for the fourth quarter when reporting the results for the third quarter of the 2012 fiscal year on July 31, 2012.
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