Outstanding Q2 numbers from Ambarella with revenues up 35% at $37.7 million
Navi Mumbai, Maharashtra -- (SBWIRE) -- 09/10/2013 -- Ambarella’s Q2 revenue was up 35% at $37.7 million compared to the same quarter last year. The company develops solutions that enable the creation of HD video content for widely-known sport cameras.
Fermi Wang, President and Chief Executive Officer stated during the conference call, “The second quarter results were supported by strong performance in our core camera market while the infrastructure markets continue to reflect market softness. Our camera growth in the quarter was led by strong performance in the IP security camera market. And for the first time we estimated that IP security camera unit shipment exceeded all other individual camera categories.”
Giving Q3 guidance, they expect revenues for the third quarter in October 31, 2013, to be between $43 million and $45 million, from which camera revenues are estimated to be between 87% and 89% of the total revenues.
With new innovations coming up in security and automotive cameras, would Ambarella be reaching new peaks, this remains to be seen.
Find the complete presentation from Fermi Wang with a detailed question and answer session on Q2 results here.
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