ST revenues fall 9%

by David Manners - Electronics Weekly, Jan. 28, 2015 – 

STMicroelectronics reported 2014 sales of $7.4 billion for a net profit of $128 million and Q4 sales of $1.83 billion for a Q4 net profit of $43 million. It expects a 5% drop in revenues in Q1.

2014 revenues were 9.2% lower than 2013 revenues.

CEO Carlo Bozotti said that ST's main objective for this year was to return to revenue growth. ST had higher revenues 15 years ago than it did last year.

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