Neubiberg, Germany – July 28, 2010 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today reported results for the third quarter of the 2010 fiscal year, ended June 30, 2010.
Compared to the second quarter, Infineon’s third quarter revenues grew strongly by 17 percent to Euro 1,209 million. Combined Segment Result1 was Euro 163 million, a significant increase of 48 percent compared to the prior quarter. Net income rose 59 percent sequentially, to Euro 126 million from Euro 79 million in the prior quarter.

“After a challenging 2009 fiscal year, we are executing extremely well in the current upcycle.
We have come a long way in improving profitability and are now beginning to take aim at our ambitious goal of 15 percent and greater overall Segment Result margin”, said Peter Bauer, CEO of Infineon Technologies AG.
Summary outlook for the fourth quarter and the full 2010 fiscal year
For the fourth quarter of the 2010 fiscal year, Infineon expects a high single-digit percentage increase in revenues and an increase in Segment Result margin of one to two percentage points.
Given the results for the first nine months and the outlook for the fourth quarter of the 2010 fiscal year, Infineon is now anticipating revenue growth for the 2010 fiscal year 1 For a definition of Segment Result and a reconciliation to operating income (loss), please see page 6.

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http://www.infineon.com/dgdl/INFXX201007-062e.pdf?folderId=db3a304326623792012676b915176654&fileId=db3a30432a14dd54012a173ae02a2a95