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Analog Devices lifts revenues 26%, profit over 50% in Q2

Wednesday 19 May 2021 | 15:08 CET | News
Analog Devices reported revenues rising 26 percent to USD 1.661 billion for its fiscal second quarter to 1 May, at the high end of expectations. Results were boosted by record at Industrial and Automotive, and by strong demand for the company's products in general. CEO Vincent Roche said the economic recovery has materialized faster and stronger than initially expected, putting pressure on supply chains. The company was able to avoid issues by investing in additional capacity before the demand inflection. These investments, combined with continued moment in bookings, mean the second half will

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Categories: General
Companies: Analog Devices
Countries: World
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