Wednesday, July 27, 2005

NETGEAR Reports Revenue of $107.6 million, a 21.7% YoY

NETGEAR reported Q2 revenue was $107.6 million, a 21.7% increase as compared to $88.4 million for Q2 2004. Revenue for the first quarter of 2005 was $109.0 million. Net revenue in the second quarter of 2005 derived from North America was $55.2 million; the Europe, Middle East and Africa, or EMEA, region was $ 40.4 million; and, the Asia Pacific region was $12.0 million. Net income (GAAP) was $8.3 million or $0.26 per basic share and $0.25 per diluted share.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, "We had a strong second quarter driven by the success of some new products; such as, our RangeMax family of MIMO Wi-Fi products. NETGEAR introduced a record 17 new products in the second quarter."

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