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Coherent Reports Record Sales, Orders for Quarter

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SANTA CLARA, Calif., April 26 -- Coherent Inc. reported net income of $8.4 million on sales of $136.7 million for the second quarter ended April 1, 2000. Net income rose $3 million, or 56 percent, compared with last year's results for the same quarter, while sales increased by 17 percent to $20.1 million. The company set a new record for incoming orders for the quarter; this year's $159.8-million worth of orders represented a 45-percent increase from the second quarter of fiscal 1999. Coherent said that strong semiconductor, semiconductor equipment, and...Read full article

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    Published: April 2000
    CommunicationsindustrialNews & Features

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