KLA-Tencor: Fiscal 3Q09 Financial Results

(in US$ millions)	3Q08	3Q09	9 mo. 08	9 mo. 09
Revenues	602.2	309.6	1,931.0	1,238.7
*Growth*		-49%		*-36%*
Net income (loss)	111.0	(82.8)	283.1	(497.8)

KLA-Tencor Corporation announced operating results for its third quarter of fiscal 2009, which ended on March 31, 2009. KLA-Tencor reported a GAAP net loss of $83 million and a GAAP loss per share of $0.49 on revenues of $310 million for the third quarter of fiscal 2009. For the same period, KLA-Tencor reported a non-GAAP net loss of $58 million and a non-GAAP loss per share of $0.34.

"We executed our cost containment programs well during the quarter and met our bookings and revenue guidance, in spite of the continued weakness in the global economy and the semiconductor equipment market," commented Rick Wallace, president and CEO of KLA-Tencor. "Although demand remains at low levels today, we are encouraged to see investments in technology development activity in the March quarter for customers at the leading edge. KLA-Tencor continues to advance its market leadership through maintaining our customer focus and driving our technology and innovation roadmaps."

Comments

Here are some abstracts of the conference call transcript:

Rick Wallace, CEO:

"For specifics on guidance, new orders in June are expected to be flat compared with March, plus or minus 20%. Revenues are expected to be between $270 million and $310 million with the non-GAAP loss per share in the range of a loss of $0.08 per share to a loss of $0.24."

Mark Dentinger, executive VP and CFO:

"Total head count ended the quarter at 5,402, a net decrease of 492 from December 31."