Synaptics net revenue up 44% from previous year's quarter

Synaptics Inc. (NASDAQ: SYNA) said its net revenue for the second quarter of fiscal 2014 was USD205.8m, an increase of 44% compared with USD143.0m for the comparable quarter last year.

Net income for the second quarter of fiscal 2014 was USD17.3m, compared with net income of USD11.1m for the comparable quarter last year. Diluted earnings per share for the second quarter of fiscal 2014 was USD0.48, an increase of 45% compared with USD0.33 for the comparable quarter last year.

Non-GAAP net income for the second quarter of fiscal 2014 was USD31.1m, compared with non-GAAP net income of USD17.7m for the comparable quarter last year. Diluted earnings per share for the second quarter of fiscal 2014 was USD0.86, an increase of 62% compared with USD0.53 for the second quarter of fiscal 2013. (See attached table for a reconciliation of GAAP to non-GAAP financial measures.)

Synaptics is a developer of human interface solutions. Its website is at www.synaptics.com.

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