UPDATE 1-IXYS swings to Q4 profit; Q1 rev view tops estimates

* Q4 EPS $0.13 vs est $0.08

* Q4 rev $76.6 mln vs est $67.20 mln

* Sees Q1 rev $79 mln-$81 mln vs est. $71.50 mln

* Shares up 12 pct in extended trade

May 25 (BestGrowthStock) – IXYS Corp (IXYS.O: ) swung to a
fourth-quarter profit (Read more your timing to make a profit.), beating market estimates, as bookings
rose and the chipmaker forecast first-quarter revenue well
above Wall Street expectations, sending its shares up 12
percent after the bell.

The company projected revenue of $79 million to $81 million
for the current quarter. Analysts were looking for $71.50
million, according to Thomson Reuters I/B/E/S. [ID:nASA00EH5]

IXYS posted fourth-quarter net income of $4 million, or 13
cents a share, compared with a loss of $10.9 million, or 36
cents a share, a year ago.

Revenue rose 31 percent to $76.6 million. Bookings rose 158
percent to $98.6 million.

Analysts were looking for earnings of 8 cents a share, on
revenue of $67.20 million.

Gross margins increased 7.9 percentage points sequentially,
marking four consecutive quarters of margin growth, the company
said.

“Gross margin strength may continue due to a better mix of
high value products and our recent acquisition of
microcontroller specialist, Zilog, which carries higher margins
than our traditional business.”

In December, IXYS had said it would buy Zilog Corp
(ZILG.O: ) for about $62.4 million in cash, to broaden its
product portfolio.

Shares of IXYS were trading up 12 percent at $9.45 in
extended trade. They closed at $8.47 Tuesday on Nasdaq.

Investing

(Reporting by Mansi Dutta in Bangalore; Editing by Maju
Samuel)

UPDATE 1-IXYS swings to Q4 profit; Q1 rev view tops estimates