Synaptics Posts 80 Percent Revenue Growth for Fiscal Year

Synaptics Posts 80 Percent Revenue Growth for Fiscal YearUser interface company Synaptics has issued its latest financial results. The company’s fiscal year ended June 30th; these are its Q4 and full-year numbers.

All told, the results are good: The company earned net revenue of $1.7 billion for the year, representing an 80 percent increase over its 2014 results. Its resulting net income was $112.3 million.

The fourth quarter in particular was also strong. A 52 percent gain in net revenue over Q4 2014 helped to bring in $478.9 million, and net income came in at $61.2 million for the quarter.

In a statement, Synaptics CEO Rick Bergman called it “a phenomenal fiscal year”, and pointed out that, among other feats, the company managed to double its revenue from its fingerprint recognition operations. That doesn’t come as a huge surprise, given that the technology has been integrated in such popular products as Samsung’s Galaxy S6. Moreover, at the start of June the company announced that it had shipped over 200 million units featuring its Natural ID fingerprint authentication technology.

While it will be difficult to sustain the level of growth seen over this latest fiscal year, Synaptics is at least keeping up its momentum in advancing its technologies; this month the company announced its latest development, Match-in-Sensor, which it says is the first all-in-one fingerprint scanning and matching system on a single piece of hardware.

July 31, 2015 – by Alex Perala