As part of quarterly results, we’re getting a few different takes on the market this week.
Texas Instruments’ results came in at the high end of its guidance, with first quarter revenue of $2.89 billion and net income of $362 million.
That net income figure was up 37% year-over-year, but revenues were down 8%.
For the second quarter, TI expects revenue between $2.93-$3.17 billion. The company said that it expects revenue from legacy wireless products to drop by about $60 million sequentially at the middle of that guidance range; TI has already announced that “it is winding down investment in these products for the smartphone and consumer tablet markets” and eliminated its wireless segment as it exits from producing baseband chips and focuses on applications processors and products that enable wireless devices to connect to various types of networks.
Spirent Communications put out an update on its view of the market, that reflected an overall slowdown in the market and flat results for the second quarter of 2013.
“The anticipated slowdown in the market was more pronounced than expected during the first quarter 2013,” according to Spirent. “All major regions saw a reduction in demand consistent with our customers’ reduction in capital expenditure. Customers delayed projects as their plans have been slow to be released for the year, and certain large accounts have not repeated the high level of spending seen in the corresponding period in 2012.”
Spirent said that its revenue fell by $20.6 million to $96.8 million for the first quarter, and that it expects results for the second quarter to be similar to the same period in 2012.
Teradyne reported revenues of $280 million for the quarter, with $211 in semiconductor testing, $34 million in wireless testing and $35 million in systems testing. Net income for the quarter was $6.6 million. The company had an almost 50% boost in orders for the first quarter, driven in part by design wins in LTE cellular testing. CEO Mike Bradley said that the test equipment market “is on a steady recovery path driven by wireless and applications processors, power management and microcontroller demand.”
In app testing news, Perfecto Mobile said its cloud-based app performance test is now available. The company’s app testing platform includes remote manual testing and functional automation testing, as well as integration with other development platforms.
Eran Yaniv, CEO of Perfecto Mobile, said that “accurate and relevant mobile performance testing can only be done using real devices, where traditional network testing fails to reflect the true end-user experience. Every device handles and reacts differently to varying network conditions and load conditions.”
And Mobile Labs announced that Amsterdam-based Paphos Group, which focuses on enterprise IT, will resell its cloud-based mobile app testing products.
As part of the announcement, Danny Hemminga, managing partner for Paphos Group, said that over the last year, a large number of European businesses in the financial, hospitality, retail and telecom segments have “dramatically accelerated the migration of legacy apps to mobile platforms” and require testing of those apps to ensure good performance.
