Memory chip parts of the U.S. memory chip maker MicronTechnology are shown at their fair stand at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo
(Reuters) – Chipmaker Micron Technology, Inc. (MU.O) reported a 16% increase in first quarter revenue on Tuesday, helped by higher demand for memory chips in the data centre.
Net income attributable to the chipmaker rose to $3.29 billion, or $2.81 per share in the quarter that ended Nov. 29, of € 2.68 billion, or $2.19 per share, a year earlier.
Net sales increased to $7.91 billion from $6.80 billion.
Reporting by Sonam Rai in Bengaluru and Stephen Nellis in San Francisco; Editing by Arun Koyyur