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Applied Materials' quarterly revenue surges 61 pct
November 16, 2017 / 9:09 PM / a month ago

Applied Materials' quarterly revenue surges 61 pct

Nov 16 (Reuters) - Applied Materials Inc, the world’s largest supplier of tools used to make semiconductors, reported a 61 percent jump in quarterly profit, driven by strong growth in its display and semiconductor business.

Net income rose to $982 million, or 91 cents per share, in the fourth quarter ended Oct. 29, from $610 million, or 56 cents per share, a year earlier.

Net sales rose to $3.97 billion from $3.30 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Savio D‘Souza)

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