Applied Materials revenue jumps as chip gear demand rises
Feb 12 (Reuters) - Chip-equipment maker Applied Materials Inc reported a 39 percent jump in quarterly revenue as higher spending by contract chip manufacturers and memory-chip makers offset muted demand from companies making logic chips.
Revenue rose to $2.19 billion in the first quarter ended Jan. 26 from $1.57 billion a year earlier.
Net income rose to $253 million, or 21 cents per share, from $34 million, or 3 cents per share.
Excluding items, the company earned 23 cents per share.
Applied Materials supplies chip-making gear to companies such as Samsung Electronics Co Ltd and Taiwan Semiconductor Manufacturing Co Ltd.
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