Wednesday, January 26, 2011

Zarlink Posts Revenue of $57 Million

Zarlink Semiconductor reported quarterly revenue of $56.9 million, compared with $50.0 million for the same period last year. Revenue for Zarlink's communications products of $45.4 million, up $11.6 million or 34% from the same period last year. Gross margin increased to 52%, due to product mix and improving yield on new line circuit products.

"I am pleased with our progress, with very strong year-on-year revenue growth from our communications products and a growing cash position that's allowing us to pursue opportunities to augment our fast-growing timing business," said Kirk Mandy, President and CEO, Zarlink Semiconductor.

"Strong customer design activity for our new timing, line circuit and medical products is supporting our long-term growth objectives and offsetting the expected declines in our legacy business. In the coming quarters, we anticipate that our design wins, market share gains and new growth opportunities will translate into clear top-line improvements."