Ambarella Q2 sales have increased significantly since last second quarter, according to the reports of last Thursday. Ambarella Incorporated is a high supplier of processors for professional IP cameras, digital cameras, and video compression. This increase has been attributed to a surge of strong gross margins and revenues. These earnings and revenues were seen in quarter Wall Street estimates.
Their profit share based in Santa Clara, California increased to $9.3 million or $0.29 per share from the $6.3 million or $0.21 each share last 2013. The adjusted profit for the second quarter increased to $11.9 million or almost $0.37 each share from the $7.7 million or $0.26 per share last year. On average, the nine analysts from Thomson Reuters have expected profit of $0.28 per share for the quarter. The estimates from Thomson Reuters typically exclude the special items.
Moreover, Ambarella Q2 sales for the second quarter increased from $37.7 million to $47.0 million (24.6 percent). The analysts already had a consensus revenue estimate of almost $44.61 million for the present quarter.
Fermi Wang, Ambarella CEO, has reacted on the results saying that their increased revenue were due to the reflecting success of Ultra-HD and HD camera solutions in the expanding IP security camera, wearable sports camera, and UAV camera markets. The company develops semiconductor processing for video enabling high-definition video capture, display, and sharing.
The second quarter gross margin has advanced to 65.0 percent to 61.8 percent in 2013. AMBA has closed on Thursday rating at $35.77 for up to $0.05 or 0.14 percent on the Nasdaq. The stock increased to 3.02 percent after trading for hours.
The company is known for combining their processor design capabilities with the infrastructure and camera markets. The solutions they made are sold to original design manufacturers (ODMs) and the original equipment manufacturers (OEM) as well that further increase Ambarella Q2 sales.