We can go to our next caller, please.Our next question comes from CJ Muse of Evercore. Operating profit was down 18% from the year ago quarter.
I'd say -- state the obvious -- obviously the SIA numbers are more backward looking versus looking into in the fourth quarter. Lastly, we continue to believe growing free cash flow per share over the long term it's why we will maximize value for the owners of the company.Thank you all for joining us.
Free cash flow margin, for the same period was 41% of revenue.
So as I say you've seen a -- fall through that we have talked about in the big scheme of things.Okay. Good evening.This concludes today's call. Thank you, CJ.
All markets declined across embedded, but the declines were most pronounced in the automotive and communications equipment markets. So first, let me remind you of course when it comes to the capex, particularly for that fab is it's all about driving long-term revenue growth and extended our manufacturing advantage, including 300 millimeter and that is one of our key competitive advantages.
But you've got some seasonality that's going on with that.
We carefully designed our internship program to ensure that students have a hands-on learning experience with a blend of technical and personal development.
So we will save cash as we do that, and that makes sense for the owners of the company -- this cash is freed up further other purposes.
For new college graduates, our global, year-long Make an Impact development program provides meaningful experiences through engineering and professional development courses, interactive discussions, and boot camps to help you make a smooth transition from campus to a corporate environment and apply your skills to your new role.For over 50 years, TI Japan has consistently supplied semiconductor products and support to help its customers create what’s next in electronics. Simply in a word I'd just say, no, Stacy. Today, we employ more than 1,000 engineers from diverse fields, including our sales and applications team, which works with customers to help solve technological challenges across the automotive, industrial and communications equipment markets, among others.
Let me first step back and remind you how we think about inventory.
Operator, you can now open the lines for questions.
Vivek, I'll take that.
We encourage you to review the Notice regarding forward-looking statements contained in the earnings release published today, as well as TI's most recent SEC filings for a more complete description.For today's call, let me start by summarizing what Rafael and I will be reviewing.
You look at the diversity of our revenue, we talk about one of our competitive advantages being diversity and longevity our last -- our biggest product last year is an example.
The breadth of our product portfolio and channels to market including our direct sales and applications team as well as ti.com provides us the broadest reach to our customer base, a unique advantage.
Industrial, automotive and personal electronics all declined upper single digits from the year ago.
In September, we announced we would increase our quarterly dividend by 17% marking our 16th year of dividend increases. We offer a variety of benefits that help you and your family thrive.
Be sure to check back frequently, as we add new events regularly. That does take -- that does hit -- that will hit the GPM line, but it will do so about as expected. And as you pointed out, we do that through buybacks and dividends. In addition, our sales and applications teams provide support throughout the product life cycle and help customers from the automotive, industrial, communications equipment and other markets transform ideas into winning products. I guess with respect to the loadings commentary, does it make you rethink the timing on the new 300 millimeter fab. Investor relations For decades, Texas Instruments has operated with a passion to create a better world by making electronics more affordable through semiconductors. With the end of this current quarter, we've now experienced our fourth consecutive quarter of negative year-on-year growth.There is an increasing number of reports of macroeconomic weakness with trade tensions as the primary contributor. Cash flow from operations was $1.99 billion in the quarter. Industrial and Automotive declined low single digits Ross personal electronics grew mid-teens and that was based on really just seasonal growth that we would expect to see we already commented on comps equipment declining about 20% and then enterprise systems growth in this quarter. Our events calendar shows the campuses we are visiting in the upcoming months.
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