Wednesday, July 27, 2011

NetLogic Records Sales of $103.7 million

NetLogic Microsystems reported Q2 revenue of $103.7 million, a 5.1% sequential increase from $98.7 million for the
first quarter of 2011 and a 9.1% increase from $95.0 million for the second quarter of 2010. Net loss (GAAP) was $35.2 million or $0.51 per diluted share. By comparison, GAAP net loss was $4.8 million or $0.08 per diluted share for the second quarter of 2010.


"With continued positive trends in the wireless infrastructure market, we are seeing healthy demand for our products", said Ron Jankov, president and CEO. "Our multi-core processors posted record revenue in Q2 and we are also beginning early stage volume ramps of our NL10k and NL11k knowledge-based processors, optimized for handling IPv6 traffic. Our product development continues at an accelerated pace across our multi-core, knowledge-based processor, physical layer and digital front-end processor families, which we believe is driving a sizeable expansion of our TAM and significant growth opportunities over the next several years."http://www.netlogicmicro.com

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