Wednesday, October 27, 2004

NETGEAR's Q3 Sales Rise 34% over Last Year

NETGEAR reported Q3 net revenue of $101.2 million, a 34% increase as compared to $75.8 million for Q3 2003. Net revenue for Q2 was $88.4 million. Net income (GAAP) was $5.9 million or $0.19 per basic share and $0.18 per diluted share, compared to a net loss of ($4.0) million for the third quarter of 2003. Net revenue in Q3 2004 derived from North America was $57.1 million, the Europe, Middle East and Africa, or EMEA, region was $36.2 million, and the Asia Pacific region was $8.0 million. http://www.netgear.com

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