Cypress 2017 total revenue reached 2.33 billion US dollars hit a record high

[xiaomo]

February 1, 2018 - Cypress Semiconductor Corporation (NASDAQ: CY), a leader in embedded solutions, today announces its 2017 fourth quarter and annual reports. rur860

· Driven by the automotive and IoT wireless business performance, total revenue in 2017 hit a record high of US $ 2.33 billion

Fourth quarter total revenue of 597.5 million US dollars, an increase of 12.7%

Fourth quarter GAAP (GAAP) and non-GAAP profit margins were 44.6% and 45.4%, an increase of 650 and 530 basis points

· Fourth quarter GAAP and non-GAAP diluted earnings per share increased by 55% and 87%

· FY17 operating cash flow was 403.5 million U.S. dollars, up 86% maz3091

Hassane El-Khoury, Cypress's president and chief executive officer, said: "Cypress performed strongly and reached new heights in 2017. We formulated the Cypress 3.0 strategy in 2016 to focus on IoT's rapid We are seeing strong revenue growth due to the popularity and rapid growth of automotive, industrial and consumer markets, and our profits have more than quadrupled in 2017. Cypress is now a leader in IoT embedded solutions "This success is based on our unrivaled IoT connectivity solution in the target end-market, as well as a broad portfolio of microcontrollers and high-performance memory solutions."