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IPG Q4 Profit Up 9 Percent

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OXFORD, Mass., Feb. 24, 2009 – Fiber lasers and amplifiers maker IPG Photonics Corp. has reported that its net income for 2008 increased by 23 percent, to $36.7 million, compared with $29.9 million last year, while net income for the fourth quarter increased by 9 percent over one year ago. IPG said its revenue growth continues to be driven by strong sales of its fiber lasers used for materials processing applications, which increased for the quarter by 16 percent over a year ago, to $45.6 million. Revenue for 2008 increased by 21 percent to $229 million, up from $188.7 million in 2007. Earnings per share increased 11...Read full article

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    Published: February 2009
    Glossary
    amplifier
    A device that enlarges and strengthens a signal's output without significantly distorting its original waveshape. There are amplifiers for acoustical, optical and electronic signals.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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