Ambarella, Inc. (AMBA) has reported a 260.09 percent jump in profit for the quarter ended Jan. 31, 2017. The company has earned $18.35 million, or $0.53 a share in the quarter, compared with $5.10 million, or $0.15 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $31.98 million, or $0.92 a share compared with $21.60 million or $0.64 a share, a year ago.

Revenue during the quarter grew 28.75 percent to $87.51 million from $67.97 million in the previous year period. Gross margin for the quarter expanded 314 basis points over the previous year period to 66.87 percent. Total expenses were 77.05 percent of quarterly revenues, down from 86.60 percent for the same period last year. This has led to an improvement of 955 basis points in operating margin to 22.95 percent.

Operating income for the quarter was $20.08 million, compared with $9.11 million in the previous year period.

"During the year we continued to make progress in diversifying our markets and customer base and enjoyed significant revenue growth from home monitoring and drone markets, as well as building customer momentum in new OEM automotive applications. We entered mass production with our first 14nm SoCs, continued to raise the performance bar with the launch of our 4Kp60 Ultra HD SoCs and introduced our first automotive qualified solutions," said Fermi Wang, president and chief executive officer of Ambarella. "Looking forward, we will continue to invest in computer vision technology, automotive solutions, and advanced 10nm process nodes, as we believe these efforts will provide significant additional opportunities for success in the future."

For the first-quarter 2018, Ambarella, Inc. projects revenue to be in the range of $62.50 million to $64.50 million.