InvenSense Nearly Triples Net in Q4

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InvenSense results for the company's Q4 and fiscal 2013 have been released. For the quarter, revenue was just over $55 million, up by 67% from the $33 million in the same period the previous year. Net income advanced almost three-fold on a year-over-year basis, to land at $13.6 million ($0.15 per diluted share), from Q4 2012's $5.9 million ($0.07).

For the full year, top line was $209 million, an improvement over the 2012 figure of $153 million. Bottom line was more than three times as high, at $51.7 million ($0.59 per diluted share) for the year compared to fiscal 2012's $16.3 million ($0.37).

The article InvenSense Nearly Triples Net in Q4 originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in InvenSense. The Motley Fool owns shares of InvenSense. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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