Micron Technology Q1 2015 revenues 13 percent higher
Article continues below
Cash flows from operations were $1.59 billion for the first quarter of fiscal 2015.
On a GAAP basis, net income attributable to Micron shareholders for the first quarter of fiscal 2015 was $1 billion, or $0.84 per diluted share, compared to net income of $1.15 billion, or $0.96 per diluted share, for the fourth quarter of fiscal 2014 and net income of $358 million, or $0.30 per diluted share, for the first quarter of fiscal 2014.
The fourth quarter of fiscal 2014 included gains aggregating approximately $400 million from increases in deferred tax assets of Micron Memory Japan and Micron Memory Taiwan, the sale of the company's interest in Aptina and Inotera's issuance of shares.
36%
was the company's overall consolidated gross margin.
The company's overall consolidated gross margin of 36 percent for the first quarter of fiscal 2015 was up from 33 percent for the fourth quarter of fiscal 2014.
Investments in capital expenditures were $669 million for the first quarter of fiscal 2015. The company ended the first quarter of fiscal 2015 with cash and marketable investments of $5.31 billion. ■