Wednesday, February 16, 2005

Netgear Posts Q4 Revenue of $105.1 million, 21% year-over-year

NETGEAR reported Q4 revenue of $105.1 million, a 4% increase as compared to $101.2 million for the third quarter of 2004, and a 21% increase as compared to $86.8 million for Q4 2003. For the full year 2004, net revenue totaled $383.1 million, a 28% increase over the full year 2003 net revenue of $299.3 million.


Net revenue in the fourth quarter of 2004 derived from North America was $53.7 million, the Europe, Middle East and Africa, or EMEA, region was $44.2 million, and the Asia Pacific region was $7.2 million. There were 12.7 weeks in the fourth quarter of 2004 as compared to 14 weeks in the third quarter of 2004 and 13.4 weeks in the fourth quarter of 2003.


Consumer demand in Europe in Q4 benefited from sales of NETGEAR's DSL 2+ gateways, especially the recently introduced DSL 2+ Super G gateway.


Consumer demand in the U.S. in Q4 was led by sales of NETGEAR's Super G and Super A/G wireless routers and adapters.
http://www.netgear.com

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