Wednesday, October 17, 2007

PMC-Sierra Reports Q3 Revenue of $118 Million

PMC-Sierra reported Q3 net revenue of $117.5 million, compared with $104.7 million in the second quarter of 2007, and $116.5 million in the third quarter of the prior year. Net loss (GAAP) was $5.9 million or a loss per share of $0.03, compared with GAAP net loss of $22.3 million or a loss per share of $0.10 in the second quarter of 2007.

"In the third quarter, we experienced strong growth in our telecom business, particularly in Asia, as well as positive trends in our enterprise storage business," said Bob Bailey, chairman and chief executive officer of PMC-Sierra. "Our summer bookings were strong, and our operating performance increased in the quarter as a result of the combination of top-line growth and expense reductions."


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