Wednesday, October 27, 2010

NetLogic Posts Q3 Revenues of $100M. up 5% Sequentially

NetLogic Microsystems reported revenue for the third quarter of 2010 of $100.1 million, a 5.3% sequential increase from $95.0 million for the second quarter of 2010 and a 136% increase from $42.3 million for the third quarter of 2009. Net income (GAAP) was $5.2 million or $0.08 per diluted share, compared to a GAAP net loss of $3.9 million or $0.09 per diluted share for the third quarter of 2009.


"We recently marked another significant milestone in our technology roadmap with the transition of our product portfolio of multi-core processing, knowledge-based processing and physical layer solutions to TSMC's advanced 40 nanometer process node," said Ron Jankov, president and CEO. "This is a considerable achievement given the size and complexity of our solutions and further highlights the tremendous execution and expertise of our team."http://www.netlogicmicro.com

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