“IPG's revenue in the third quarter of 2015 reached a new high, up 22% year-on-year to a record $243.5 million,” said Dr. Valentin Gapontsev, CEO of IPG Photonics. “The impact of exchange rate changes is about 12% lower. This means that if the exchange rate remains at the same level as last year, IPG's revenue in the third quarter of 2015 will increase by 34% year-on-year. Our performance continues to grow strongly, indicating IPG fiber Lasers are continuing to penetrate existing and new applications through our diverse and expanding product lines." ... [Detail]
2016-10-27
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