Sunday, July 24, 2011

Mindspeed's Revenue Up 10% Sequentially

Mindspeed reported quarterly revenue of $42.2 million, up 10% sequentially.

Product revenue from communications convergence processing solutions contributed 45 percent of quarterly product revenues and increased 22 percent sequentially from the prior fiscal quarter. Product revenue from high-performance analog products represented 37 percent of product revenue and increased 4 percent sequentially from the prior fiscal quarter. Wide area networking communications product revenue contributed the remaining 18 percent of product revenue and decreased 3 percent sequentially from the prior fiscal quarter.

"We are pleased with the growth of our business in the fiscal third quarter and the strength in our strategic end-market of fiber optic access. Importantly, we also continue to believe that long-term growth for Mindspeed will be based on our strong design win pipeline for market-leading solutions in key global networking initiatives, such as optical infrastructure and most significantly our expansion into 4G wireless. Our market leadership in 4G wireless is driving customer engagements with a multitude of original equipment manufacturers (OEMs) for a variety of basestation applications targeting key service provider 4G/LTE (Long Term Evolution) rollouts worldwide, most of which are expected to enter field trials in calendar 2012," said Raouf Y. Halim, Mindspeed's chief executive officer.

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