Texas Instruments sees higher fourth-quarter profits and revenue, cuts 1,100 jobs 德儀第四季營收優於預期，惟計劃裁員１１００人

22/01/2014 08:49

德儀第四季營收優於預期，惟計劃裁員１１００人

　　《經濟通通訊社２２日專訊》德州儀器（Ｔｅｘａｓ　Ｉｎｓｔｒｕｍｅｎｔｓ）公布，第
四季營收增至３０﹒３億元（美元．下同），優於市場預期的２９﹒８７億元。上年同期為
２９﹒８億元。
　　德儀第四季淨利為５﹒１１億元，每股盈利０﹒４６元。認列的４９００萬元重整費用，使
得每股盈利減少０﹒０３美元。而第一季將再認列約３０００萬元。
　　該公司預估，第一季營收將為２８﹒３－３０﹒７億元，市場預計為２９﹒５億元。公司還
預測，第一季每股盈利為０﹒３６－０﹒４４元。
　　德儀計劃在美國、日本和印度裁員１１００人，約全球員工總數的３％，並計劃通過重組，
到２０１４年末節省１﹒３億元開支。
　　該公司還希望降低嵌入式處理器業務和在日本的費用。該公司去年宣布，要關閉移動處理器
業務，並裁員１７００人。
　　德儀股價在盤後交易下跌１﹒５９％，常規時段收高０﹒９％，報４３﹒８５元。

Texas Instruments sees higher fourth-quarter profits and revenue, cuts 1,100 jobs

Texas Instruments Inc. said today that it nearly doubled its profits and posted slightly higher revenue for the fourth quarter, but it also plans to lay off about 1,100 workers.

Those job cuts will be in the United States, India and Japan as it cuts costs in its embedded processing division and in Japan where investments in markets do not offer “sustainable growth and returns.” The company expects the changes to result in annualized savings of about $130 million.

The job cuts and restructuring reflect the challenges in the semiconductor industry — even for TI, which analysts rate higher than many of its peers.

The 1,100 layoffs follow more than 1,800 layoffs last year mainly due to the phasing out of its wireless mobile and baseband businesses to focus on its analog and embedded processing businesses. The company has about 32,000 employees worldwide, including about 9,000 in the Dallas area.

The Dallas-based company makes semiconductor chips used in a variety of electronics products.

TI reported a profit of $511 million, or 46 cents a share, for the fourth quarter, compared with $264 million, or 23 cents a share, a year earlier. The latest numbers include $49 million in charges, which reduced profits by 3 cents per share, for a restructuring action excluded from the company’s previous guidance.

Revenue rose 2 percent to $3.03 billion.

TI’s per-share profit was in the mid-range of its guidance and met analysts’ consensus. Its revenue was at the high range of previous guidance.

“Our fourth quarter capped a year in which each quarter’s performance increasingly reflected the impact of structural changes we’ve made to focus TI on analog and embedded processing,” TI chief executive Rich Templeton said in a statement.

Analog revenue rose 12 percent and embedded processing revenue was up 11 percent in the fourth quarter from a year ago. Combined, that revenue accounted for 82 percent of the company’s total revenue in the fourth quarter and 79 percent for all of 2013.

For the full year 2013, TI posted a 23 percent increase in net profit to $2.2 billion. Revenue declined 5 percent to $12.2 billion, reflecting the business unit changes.

TI said its outlook for the first quarter is for revenue in the range of $2.83 billion to $3.07 billion and profits per share of 36 cents to 44 cents, including about $30 million in restructuring charges (similar to those mentioned above for the fourth quarter).