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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)
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(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)

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