Microchip Technology Incorporated, a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today reported results for the three months ended Junei 1 230, 2015 as summarized in the following table: in the prior year's first fiscal quarter.i 1 2 GAAP net income for the first quarter of fiscal 2016 was in the prior year's first fiscal quarter.i 1 2 Non-GAAP net income for the first quarter of fiscal 2016 was per diluted share, in the prior year's first fiscal quarter.i 1 2 For the first quarters of fiscal 2016 and fiscal 2015, our non-GAAP results exclude the effect of share-based compensation, expenses related to our acquisition activities , GAAP non recognition of revenue for inventory in the distribution channel at the acquisition date for our acquisitions, gains from equity securities and equity method investment, non-cash interest expense on our convertible ... (more)