31st Jul 2019 12:13
(Alliance News) - CML Microsystems PLC, which manufactures semiconductors primarily for global communication and solid state storage markets, said Wednesday that first quarter revenue, gross margin and underlying profitability was in line with internal expectations and outlook provided in June.
Market conditions for the manufacturer remain unchanged in the quarter that ended on Wednesday.
Order intake for the communications market is exhibiting some resilience, whilst in the storage market the ongoing geo-political issues continue to have an effect, most notably in the US, CML said.
The company expects the rest of the year to be stable and believes that foundations are in place to drive revenue growth as the trading environment improves.
Shares in CML were untraded on Wednesday in London, last quoted at 321.68 pence each.
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