Fourth quarter fiscal 2008 sales were up from the $455.9 million reported during the same period in fiscal 2007. Earnings per share for the year were $1.26 compared to $1.12 in fiscal 2007.
National’s annual sales were $1.89 billion compared to $1.93 billion in fiscal 2007. For fiscal 2008, National reported net income of $332 million, including $90 million of pre-tax stock compensation expenses under FASB Statement 123, compared to net income of $375 million in fiscal 2007.
Brian Halla, chairman and CEO of National Semiconductor, said: Business conditions improved in the quarter, and we were able to turn this into higher gross margins. We are focused on growth, expanding our base business into new, attractive markets leveraging our PowerWise product portfolio to help our customers be much more energy efficient in their systems.
