Wednesday, July 20, 2005

PMC-Sierra Posts Revenue of $71.5 Million, up 8% over Q1

PMC-Sierra reported Q2 net revenues of US$71.5 million, an increase of 8% compared with $66.1 million for Q1 2005, and a decrease of 17% compared with Q2 2004. Net income (GAAP) in Q2 was $7.2 million (non-GAAP diluted earnings per share of $0.04) compared with non-GAAP net income of $3.9 million (non-GAAP diluted earnings per share of $0.02) in Q1 2005.

"We experienced solid growth in our telecom metro transport business and the company's storage revenues grew robustly," said Bob Bailey, chairman and CEO. "We are continuing to see strong activity in Asian geographies and are focused on growth opportunities including 3G Wireless and VoIP applications."

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