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ASML Holding fiscal Q1 profit climbs 87.1% YOY

ASML Holding N.V. said its normalized net income for the fiscal first quarter ended April 2 was €332.2 million, an increase of 87.1% from €177.6 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 17.1% from 13.3% in the year-earlier period.

Total revenue rose 45.8% on an annual basis to €1.94 billion from €1.33 billion, and total operating expenses rose 33.7% on an annual basis to €1.40 billion from €1.05 billion.

Reported net income came to €460.9 million, compared with €230.8 million in the prior-year period.