German semiconductor maker Infineon Technologies AG said Friday it was able to post a net profit for its fiscal first quarter as the market for technology products began to improve.
Infineon, based in Neubiberg, reported net income for the October-December first quarter of (EURO)66 million ($92 million) compared with a loss of (EURO)404 million in the year-ago period.
Revenue for the period increased 27 percent to (EURO)941 million from (EURO)742 million in the first quarter a year ago.
The company said it expects revenue to increase by 20 percent for the whole of 2010 from the (EURO)3 billion in revenues it earned in 2009.
