Wednesday, October 25, 2006

NETGEAR Posts Revenue of $151.6 million, 36% year-over-year growth

NETGEAR's Q3 net revenue increased to $151.6 million, 36% year-over-year growth and non-GAAP net income increased to $11.9 million, as compared to $9.1 million in the comparable prior year quarter, 31% year-over-year growth.

NETGEAR launched a total of 10 new products in the third quarter, with the most important being NETGEAR's SSL VPN Concentrator 25 and Skype Wi-Fi Phone.

Net revenue from service providers reached 23% of total revenue in the third quarter