Thursday, July 31, 2014

PMC Posts Q2 Revenue of $127 Million, Strength in Optical and Mobile

PMC-Sierra posted Q2 revenue of $126.8 million, an increase of 0.2 percent from $126.5 million in the first quarter of 2014, and a decrease of 1.0 percent compared to $127.6 million in the second quarter of 2013. GAAP net loss in the second quarter of 2014 totaled $3.5 million, or $0.02 per share, compared to a GAAP net loss in the first quarter of 2014 of $4.2 million, or $0.02 per share.

“We have closed another solid quarter with both revenue and non-GAAP EPS above the midpoint of our expectations. Strength in both our Optical and Mobile products more than offset lower revenue from our Storage products due to inventory consumption at two of our larger customers,” said Greg Lang, PMC president and chief executive officer. “As we look to the balance of 2014, we believe we will see four key areas contribute to growth: 12G SAS, Flash Controllers, OTN and RF products. After years of investment, we are pleased to see these product cycles take hold, fueled by the continued escalation of data traffic.”


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