Micron quarterly revenue rises 16 percent

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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