Cree Inc. announced Wednesday that its fiscal 1Q09 revenue was $140.4 million. The fiscal year ended September 28, 2008. This revenue is a 24% increase from its 1Q08 revenue and 3% increase over its 4Q08 revenue.

In a Cree press release, Chuck Swoboda, chairman and CEO of Cree said,”Revenue growth was driven by LEDs, including another strong double-digit increase in XLamp sales. LED lighting sales [in general] grew by double digits.”

Cree’s success is being attributed to the popularity of the Cree XLamp family of LEDs. Cree is a leading supplier of LED bulbs for outdoor flashlights and lamps, streetlamp and display lights and other programmable lighting functions.

More news stories on Cree Inc.

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This entry was posted on Friday, October 24th, 2008 at 2:29 pm and is filed under LED News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.