Synaptics Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company has posted net revenue of $205,763,000 against $143,040,000 a year ago. Operating income was $22,078,000 against $14,928,000 a year ago. Net income was $17,334,000 or $0.48 diluted per share against $11,114,000 or $0.33 diluted per share a year ago. Non-GAAP operating income was $36,599,000 against $23,771,000 a year ago. Non-GAAP net income was $31,117,000 or $0.86 diluted per share against $17,684,000 or $0.53 diluted per share a year ago. During the quarter, cash flow from operations was very strong at $57 million. Capital expenditures for the quarter were $7.1 million, including final cash payments for the renovation of headquarters campus in San Jose California.

For the six months, the company has posted net revenue of $428,370,000 against $270,081,000 a year ago. Operating income was $69,271,000 against $23,261,000 a year ago. Net income was $52,273,000 or $1.47 diluted per share against $17,167,000 or $0.51 diluted per share a year ago. Non-GAAP operating income was $92,385,000 against $41,098,000 a year ago. Non-GAAP net income was $77,031,000 or $2.16 diluted per share against $30,427,000 or $0.90 diluted per share a year ago.

For the third quarter, the company expects revenue to be in the range of $180 million to $200 million. The March quarter outlook reflects seasonality, with incremental revenue from new Fingerprint ID products. The company expects non-GAAP gross margins for the March quarter to be similar to the December quarter at around 47% and non-GAAP operating expenses in the March quarter to increase from the December quarter from the inclusion of a full quarter of investment in Biometrics products and technology, as well as ongoing investment in engineering and infield customer support to expand overall product portfolio and customer base. The company expects non-GAAP cash tax rate for the March quarter and for the year to be in the range of 16% to 18%. Non-GAAP net income per diluted share for the March quarter is anticipated to be in the range of $0.44 to $0.64 per share.

The company expects non-GAAP cash tax rate for the year to be in the range of 16% to 18%.

For the third quarter, the company expects revenue to be in the range of $180 million to $200 million. The March quarter outlook reflects seasonality, with incremental revenue from new Fingerprint ID products.