Wednesday, April 27, 2005

AMCC Reports Rise in Revenue

Applied Micro Circuits Corporation (AMCC) reported quarterly revenue of $64.2 million up 5% sequentially and up 36% year over year. The net loss on a GAAP basis was $5.3 million or $(0.02) per share.

"We were pleased with our progress in the March quarter. Revenue increased sequentially and the company realized the benefits of our improved cost structure," said Tom Tullie, AMCC's Chief Operating Officer.