Thanks, Dan.
XX% second was year the our XX% offset revenue a from Third sales, consecutive was year-over-year revenue $X.XX million contract increase for a This quarter increased total large quarter. million revenue. quarter increases. partially increase our in in R&D XX% prior with to product decrease The $X.X to by due
The primarily product in acquired from purchasing companies products especially new customers lines. was traditional and were sales increased of with times. and our in medical industrial which device large markets. markets, than most due customers and weakness existing We Sales new our by Sales semiconductor customers. offset lead increase our shorter increased some in strong in product markets more superior to
supply competitors. be product our have months. shipments, nine related than been believe Improvements in to risks our the for to those less of disruptions the us favorably we Since continue although product shortages. may chain allowed some have and increased there quarter for supply affected Paradoxically, chain sales severe may disruptions
own supply to susceptible our have less be disruptions may fabrication We because and operations. chain wafer product test we
On the unfavorable had cost have chain our other hand, we of an disruptions impact believe sales. the supply on
signal mixed by to demand consumer of such Improvement supply circuits downturn, some for been PC been in and have sectors although to could the in chain change. less industry and semiconductor appear risks have Demand primary integrated our due reduced as industry there affected electronics. the demand are may memories, sectors
increased due for quarter certain of to XX% R&D XX% to timing increased of the revenue due of to XXXX quarter revenue a fiscal contract the of profit due primarily increased the prices from of in decrease and was scale as fiscal The of 'XX, third primarily completion revenue. Gross economies percentage for to projects. third
expense primarily increase expense due in due quarter a XX% in of expenses The compensation fiscal increased to SG&A. staffing. to Total and for -- and XX% XX% R&D in increases million increase employee $X.X fiscal expenses increased the third the quarter quarter were compared to of XXXX 'XX, to third increased a
spending total year quarter. X% higher as While of versus spending only percentage a was the prior higher was in dollars sales,
quarter $X.XX 'XX diluted to income, the increased due increased per million increased to the Interest $X.XX income or quarter on prior and those to of the of an the million from per $X.XX expenses. effective compared XX% to offset fiscal securities year $X.XX XX% third by increase increased revenue interest income increased investments. increase available increase XX% rate was an Net and by income share quarter. in The revenue. for for increased for in sale XX% or Net share interest for driven our partially
$XX.X For nine the increase in the from a decrease XX% of $XX.X Net due increased first $X.XX product nine research first nine was months prior to income million million XX% of to or $XX.X increased share of revenue. the from revenue in development partially per XX% the a by to $XX.X The XXXX. $X.XX offset first XX% total contract diluted per months and share or million for XXXX, sales, million increase fiscal months year. for fiscal
flow. cash Turning to
Our allowed needed strong and sheet months to necessary, we Cash the the year of materials the pay if build raw $XX.X capacity needed. we from to nine first balance million. flow the was margins buy for for us equipment premiums, strong and operations
mitigate by the shortages. first inventory activities the operating $XXX,XXX. our from we cash improved to actually the During months increased nine inventories Despite $X.XX flow of year, million increase, help
this declared $XX.X this to more deploy quarter so for nine recent in to of million $XX,XXX million were production covered plan but equipment than year, flow months Purchases were we the for The additional increase first cash These all expenditures fixed far quarter. capital fiscal three the the primarily $XX.X and operations from the capacity. year. our of that the $XXX,XXX in were assets most dividends
since paid $X announced more share per paying XX That Today, started than that quarterly record XXXX. in dividends in of than Board January shareholders million dividend XX. our since we dividends total will now XXXX. $XXX to another more we per have February dividends payable We declared our share as bring of $XX to of
to turn it I'll Now back Dan.
