BREAKING NEWS
This content is not available in your region

Micron quarterly revenue rises 16 percent

Micron quarterly revenue rises 16 percent
FILE PHOTO: The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015.REUTERS/Kai Pfaffenbach   -   Copyright  Kai Pfaffenbach(Reuters)
Text size Aa Aa

(Reuters) – Chipmaker Micron Technology Inc <MU.O> reported a 16 percent rise in first-quarter revenue on Tuesday, helped by higher demand for its memory chips from data centres.

Net income attributable to the chipmaker rose to $3.29 billion, or $2.81 per share, in the quarter ended Nov. 29, from $2.68 billion, or $2.19 per share, a year earlier.

Net sales rose to $7.91 billion from $6.80 billion.

(Reporting by Sonam Rai in Bengaluru and Stephen Nellis in San Francisco; Editing by Arun Koyyur)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.