Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo
(Reuters) – Chipmaker Micron Technology Inc (MU.O) reported a 16 percent rise in first-quarter revenue on Tuesday, helped by higher demand for its memory chips from data centers.
Net income attributable to the chipmaker rose to $3.29 billion, or $2.81 per share, in the quarter ended Nov. 29, from $2.68 billion, or $2.19 per share, a year earlier.
Net sales rose to $7.91 billion from $6.80 billion.
Reporting by Sonam Rai in Bengaluru and Stephen Nellis in San Francisco; Editing by Arun Koyyur
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