March 22, 2018 / 8:12 PM / a month ago

Micron Technology 2nd-qtr quarter profit jumps

March 22 (Reuters) - Chipmaker Micron Technology Inc reported a more than three-fold rise in quarterly profit on Thursday driven by robust pricing of its memory chips, used in smartphones and servers, amid tight supply.

Net income attributable to the company rose to $3.31 billion, or $2.67 per share, in the second quarter ended March 1, from $894 million, or 77 cents per share, a year earlier.

Net sales rose to $7.35 billion from $4.65 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Shounak Dasgupta)

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