Sunday, July 27, 2008

Atheros Posts 13th Consecutive Quarter of Revenue Growth

Atheros Communications reported Q2 revenue of $121.5 million, compared with $114.5 million reported in the first quarter of 2008 and $100.8 million reported in the second quarter of 2007. GAAP net income was $10.1 million or $0.16 per diluted share. This compares with GAAP net income of $3.4 million or $0.06 per diluted share in the first quarter of 2008. GAAP net income in the second quarter of 2007 was $9.3 million or $0.16 per diluted share. Total cash, cash equivalents and marketable securities were $276.6 million at June 30, 2008, up $21.1 million from the prior quarter.

"We are pleased to report another very strong quarter, our 13th consecutive quarter of revenue growth," said Craig Barratt, president and CEO. "We experienced broad-based growth across our PC OEM, Networking and Consumer channels and continued growth of our Ethernet and Mobile WLAN product revenues. Revenue from our 11n products grew more than 50 percent sequentially, while our 11g products continued to be a significant contributor to our overall results," Dr. Barratt said.