German semiconductor manufacturer Infineon Technologies has reported a 36% increase in its fourth-quarter revenue to €1.59bn, compared to €1.17bn in the year-ago period.
Net income surged 80% to €325m, or €0.29 basic earnings per share, from €181m, or €0.16 basic earnings per share.
Operating income increased to €203m in Q4, while income from continuing operations improved to €322m.
Revenue from the industrial power control segment rose to €271m, and power management & multimarket revenue grew to €517m.
The chip card & security segment revenue increased by 5% to €181m, up from €172m in the preceding quarter.
Infineon Technologies CEO Reinhard Ploss said: "The integration of International Rectifier has been a success. The fourth-quarter margin generated by the acquired business was already 15 percent and hence in line with Infineon’s target for Segment Result Margin over the economic cycle.
"With that we have achieved our aim more than one year ahead of schedule."
In the first quarter of 2016, Infineon anticipates a quarter-on-quarter revenue decline of 6%, plus or minus 2 percentage points, because of seasonal factors.
