October 23, 2008 / 9:34 PM / 9 years ago

UPDATE 1-Synaptics Q1 profit up; ups FY09 rev outlook

* Q1 EPS of $0.50 vs estimates of $0.44

* Rev up 34 pct at $115.9 mln vs estimate of $111.1 mln

* Sees FY09 rev growth of 25-35 pct

* Sees Q2 rev $135-$145 mln vs estimate of $122.9 mln

* Shares up 4 pct

Oct 23 (Reuters) - Synaptics Inc (SYNA.O), a maker of touchscreen user interfaces, reported better-than-expected quarterly results and raised its 2009 revenue outlook, sending its shares up 4 percent. [nWNAB1079]

    Synaptics, which recently won touchscreen deals with Research In Motion’s RIM.TO Blackberry Storm, and HTC Corp’s (2498.TW) G1, which uses Google’s (GOOG.O) Android software, said backlog rose more than two-fold to $103 million as of the first quarter.

    For 2009, the company now expects revenue to increase 25 percent to 35 percent over the year-ago period, compared with its prior forecast of 20 percent to 30 percent. For 2008, it reported revenue of $361.1 million.

    Shares of the company rose 4 percent to $29.00 in trading after the bell. They closed at $27.92 Thursday on Nasdaq.

    For a company press release announcing results and outlook, double click on [nPnAQTH094] . (Reporting by Bijoy Koyitty in Bangalore; Editing by Amitha Rajan)

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