Sunday, April 27, 2008

Atheros Reports Q1 Revenue of $114.5 Million

Atheros reported Q1 revenue of $114.5 million, compared with $114.3 million reported in the fourth quarter of 2007 and $95.5 million reported in the first quarter of 2007. GAAP net income for Q1 was $3.4 million or $0.06 per diluted share. This compares with GAAP net income of $13.4 million or $0.22 per diluted share in the fourth quarter of 2007.

"We are pleased to report our twelfth consecutive quarter of revenue growth. Revenue from our networking customers was particularly strong in the first quarter, due primarily to the continued adoption of our 802.11n WLAN products by retail and carrier customers," said Craig Barratt, president and CEO.