May 5, 2020 / 4:27 AM / 25 days ago

BRIEF-Infineon Reports Fiscal Q2 Net Income of €178 Mln

May 5 (Reuters) - Infineon Technologies:

* Fiscal Q2 revenues of €1.986 bln

* Q2 segment result of €274 mln

* Q2 segment result margin at 13.8%

* Q2 net income of €178 mln

* Q3 outlook: revenue for combined company between €1.9 bln and €2.3 bln, segment result margin for combined company at positive mid-single digit percent level

* CEO says we have largely been able to maintain operations in recent weeks

* CEO says we also put cost-containment measures in place at early stage

* CEO says outlook for H2 of fiscal year has significantly deteriorated

* CEO says we expect sharp drop in revenue in auto segment Source text: (Berlin Speed Desk)

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