Strong Start to Fiscal Year 2025
The first quarter of 2025 was the second largest revenue quarter in PDF Solutions' history, driven by significant bookings primarily for enterprise-wide solutions.
Revenue Growth and Financial Performance
Total revenues for Q1 2025 were $47.8 million, up 16% year-over-year. The company's gross margin increased to 77% from 72% in the same quarter last year.
Acquisition of SecureWise
PDF Solutions completed a $130 million acquisition of SecureWise, expected to be accretive to earnings and operating margins.
Sapiens Manufacturing Hub Success
The Sapiens Manufacturing Hub Enterprise platform secured a large contract, reflecting strong enterprise adoption.
Net Income and Earnings Per Share Growth
Net income for the quarter increased to $8.1 million, or 21¢ per share, representing a 40% year-over-year increase.