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Technology / AI and automation

COMPANY RESULT: CIRRUS LOGIC INC

Cirrus Logic Inc, the semiconductor supplier reported third quarter net profit up 25% at $12.92m compared with $10.31m last time on revenue that declined 4.9% to $240.84m from $253.3m. At the nine month mark net profit was $24.34m, an increase of 327% from $5.7m on revenue that declined 5.3% to $666.42m from $704.23m.

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CBR Staff Writer

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