Cree, Inc., Durham, N.C., had record revenue of $148.1 million for its fourth quarter of fiscal 2009, ended June 28. This represents a nine percent increase compared to revenue of $135.9 million reported for the fourth fiscal quarter last year and a 13 percent increase compared to the fiscal third quarter of 2009. For fiscal year 2009, Cree reported revenue of $567.3 million, which represents a 15 percent increase compared to revenue of $493.3 million for fiscal 2008.
¡°Our strong Q4 results were an outstanding finish to a very good year and reflect the success of our strategy to drive growth in LEDs and LED lighting applications,¡¬ said Chuck Swoboda, Cree chairman and CEO. ¡°Entering fiscal 2010, our Q1 backlog is very strong as we see growing demand across our LED product lines. We are well positioned to benefit from the worldwide growth in LED lighting. As such, we continue to invest in the new products, channels and technical support needed to accelerate the LED lighting revolution.¡±