Revenues for the first quarter of fiscal 2009 increased 272% to $57.1 million, from $15.4 million during the same quarter of fiscal 2008. Gross profit increased to $24.3 million or 42.6% of sales, compared to $5.3 million or 34.7% of revenue in the first quarter of 2008.
Tom Zarrella, president and CEO of GT Solar, said: We are pleased with the results for our first quarter of fiscal 2009 for several reasons. We were able to manage dynamic growth while achieving both gross and operating margins at record high levels.
