Mobileye’s Q1 net income jumps 53% y/y to USD33.5 million
Strong growth in revenue drove company’s earnings in the first quarter
Mobileye has reported 52.9% year-over-year (y/y) increase in net income to USD33.5 million in the first quarter ended 31 March 2017, driven primarily by 65.8% y/y surge in revenue to USD124.7 million, the Israel-based supplier of advanced driver assistance system (ADAS) and autonomous driving solutions said in a press release.
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