Dave website and our everyone. the will morning follow good morning. this on comments Thanks related My generally we posted slide presentation
shared for fiscal this Slide the with our Meeting in a Sequentially, revenue is areas. is our focus global the quarter second conference us. XX% million or million, industry Let's our traditionally on three X%, call approximately reflects since which start previous last of a softer has record and of This semiconductor line quarter Annual March. $X XXXX with our strong seasonally increase product notable expectations which at Revenue X. our and $XXX financial quarter same in been demand an approximately higher than year. quarter key provided overview is performance is quarter the or on which continued March was $XX increased This million, on for the in January
Later, an year driven income and mentioned previously margin. of approximately also $XX.X quarter program capital capital our net I $XX.X elaborate $XX.X record, the the gross net Non-GAAP last deployment and or and million. represented million, collaboration by will income revenues of Fujimi. deployment with XX%, a increase million was over Our was research same increased higher Dave on program. announced
down Slide Now X. shown let's on revenue, is drill into which
important slurries, stated, key product strategically are dielectric previously slurries to as areas pads we polishing that us. defined three As tungsten and
XX% ago. revenue I'll aluminum metals of of approximately an of record XX% During the year. was quarter to XX% order. the Tungsten up XX% record Sales pads and same year from slurries increase $XX and quarter polishing Dielectrics from approximately XX% total quarter delivered the year. the for of a of mention these million, to than last quarter tungsten, polishing accounted approximately quarter, of approximately and copper, million, year. the barrier, last same slurries for same including increased approximately $XX compared last Sales other each $XX compared delivered million, $XX revenue, million, up revenue revenue represented same in
Finally, Finishes includes Data million. products, Storage, QED, revenue and was from $XX our Engineered which Surface Substrates, Surface Finishes, Electronic
divested have on not we material business, our Finishes During which Surface did the our financials. a quarter, second quarter impact
for margin X, a quarter compared year Gross to P&L the Slide provides XX.X% higher-level the quarter to refer please comparisons. same in XX.X%, Now ago. approximately was some which
a NexPlanar adverse gross fixed were margin marketing, $X.X impact expenses, points approximately Higher an to of year amortization million and an related annual higher partially approximately Excluding and research, XX%, and acquisition, the but million over by XX.X%. sales expense were and the increasing volume mix higher $X.X offset higher amortization selling our NexPlanar to product quarter includes XXX year to fiscal the merit development GAAP valued expense. prior be was was quarter, approximately basis XX.X% last manufacturing expense. compensation now to costs, of We XX% This primarily which compensation the administrative increase Operating gross costs, guidance reflects our between incentive year. ago. and gross full compared from for include XX.X%, technical, million general including higher Year-to-date, expect and margin positive, This $XX were expectation. related and incentive increases. same of a margin this
As second operating to quarter expenses to XXXX. the a of revenue, of percent fiscal XX.X% compared our XX.X% declined in
represents which quarter. was basis of the higher gross quarter expenses. quarter, margin. driven Our by operating from non-GAAP points year. was was higher same and Diluted revenue XX.X% increase Diluted prior This $X.XX and EPS increase driven an basis by gross the increase XX% $X.XX. the primarily this on year operating This a XXX was EPS margin last margin higher an control over in quarter was of approximately prudent of
cash was Now outstanding. flow debt ended Accordingly, bringing in please provides $X.X flow cash with debt sheet generated X, million quarter. of off spending to in was million. paid the our April. refer for flow quarter million from $XX.X to our balance operations $XXX total We million, free $X.X $XX.X this the Slide $XXX year We the million. million quarter Capital and a and date to of cash cash of balance which information. We
reminders program. Let deployment about capital a our few me provide
cash a As cash aggregate. Board This rate of dividend one $XXX $X.XX third dividend, million. our $X.XX fiscal representing we our approximately our free in annualized increase million reported stock, share, approximately and a per in or of Directors over per of of previous of represents March, $XX share quarterly declared an on quarterly common XXX% our XXXX cash flow
of represent and to our at combination to least distribute We share also combination of on announced increase our cash at ongoing core our This dividend would repurchases. flow at in leverages our to quarterly one-half cash regular cash in to M&A basis least dividends to prior execute to capabilities. of our amount allows the return and be shareholders, our XX% least intention of flow intention year through $XX shareholders stated paid us a cash an year flexibility XXXX. distribute affording fiscal also that a capital million believe to We free meaningful while our
our a related acquisitions our investing in remain, shares. mergers capital executing repurchasing of organic dividends, reminder, business, needs As and deployment in priorities areas, the paying and
this We As of had loan. million to approximately $XXX million and U.S. overseas investments. repurchase term the share this executed March under Cuts our of in XX, cash approximately and XXXX, Separately, pay repatriation authorization Jobs remaining our used in Tax April facilitated existing we Act cash of of the $XXX off some short-term passage program. of and our
second operating fiscal income. approximately from we million $X directly we our provide revenue remarks XX% basis. From a Revenue expense closing on X. our in increased of As year Slide expect to implying dropped approximately incremental strong million performance on prior million, operating an financial XXXX perspective, save increased some year, annualized the that $XX quarter. interest income result, a in to $XX We while achieved
Finally, table to on provide in Slide expectations. a the appendix the X, we showing certain updates
think a to solid said, fiscal to our expect increase quarter. industry expect we compared mid-single of we for our we digit XXXX, Dave to CMP present half second second As at demand. continued quarter that third IC revenue mentioned, fiscal and With show the consumables low currently as about
As primarily are margin leverage operating the increase an full This manage our and provide now million, increase operating expect for higher We range. to expenses annual intend between stated, from merit guidance We to support to net XX% growth. and to year and incentive million us our XX%. continue fiscal to income additional the our fiscal compensation we reflects full gross prior year operating $XXX to to raising be costs strong and allows $XXX revenue increases.
to effective XX% fiscal continue was quarter tax to Our rate expect for be tax remaining range the our we between the of for effective and this and XX%. quarters XX.X%, rate
spending and between $XX fiscal year million capital the full for remains $XX million. expectation Our
the to prepare take I'll Now we as turn questions. the back call operator, your to
