Management Qualitative Comments
"The InvenSense team continued to deliver solid results in a highly competitive market this quarter where we were able to deliver above the higher end of our stated revenue outlook for Q4 of $52.0 million to $54.0 million, with revenue for the quarter of $55.2 million. Our March quarter revenue increased 67% year over year, with smartphones and tablets leading the growth, representing over 80% of total revenue." said Behrooz Abdi, CEO and President. "Also, last quarter our customer design pipeline for fiscal year 2014 continued to expand significantly across all of our products, with solid traction for the 6-axis product (MPU-6500), 9-axis product (MPU-9250), and 2-axis (IDG-2020) in optical image stabilization applications. We look forward to ramping these design wins to production as they contribute to our continued market share gain in mobile and computing, and consumer market segments."