PLX Technology, Inc. Reports Second Quarter 2010 Financial Results

Second Quarter Results

  • Record Revenue $29.7M - 63% Growth Year-on-Year
  • Record NAS Revenue - 66% Growth over Q1 2010
  • Highest-Performance USB 3.0 Storage Controllers Sampled

SUNNYVALE, Calif. — (BUSINESS WIRE) — July 26, 2010 — PLX Technology, Inc. (NASDAQ: PLXT) today announced second quarter 2010 revenues of $29.7 million and net income of $1.7 million, or $0.04 per share (diluted).

“We have now had four successive growth quarters with strong trends continuing in some of our newer network attach storage and USB-interconnect products,” said Ralph Schmitt, president and CEO of PLX. “Bookings remain strong and we expect to see a robust third quarter, which will be seasonally driven by storage and supported with continued strength in the enterprise-based PCI Express® business.”

         
GAAP Financial Comparison
(in millions, except per share amounts)
Quarterly Results Year to Date

Q2 2010

Q2 2009

Q1 2010

2010

2009

Net revenues

$ 29.7 $ 18.2 $ 28.8 $ 58.5 $ 34.6
Operating expense $ 15.6 $ 16.6 $ 14.7 $ 30.2 $ 34.9
Operating income (loss) $ 1.9 $ (6.5 ) $ 1.7 $ 3.6 $ (15.8 )
Net income (loss) $ 1.7 $ (9.1 ) $ 1.5 $ 3.2 $ (19.6 )
Earnings (loss) per share (diluted) $ 0.04 $ (0.26 ) $ 0.04 $ 0.08 $ (0.57 )
 
Non-GAAP Financial Comparison
(in millions, except per share amounts)
Quarterly Results Year to Date

Q2 2010

Q2 2009

Q1 2010

Q2 2010

Q2 2009

Net revenues

$ 29.7 $ 18.2 $ 28.8 $ 58.5 $ 34.6
Operating expense $ 14.5 $ 13.6 $ 13.7 $ 28.2 $ 28.1
Operating income (loss) $ 3.0 $ (3.4 ) $ 2.7 $ 5.7 $ (8.9 )
Net income (loss) $ 2.8 $ (6.0 ) $ 2.5 $ 5.3 $ (12.7 )
Earnings (loss) per share (diluted) $ 0.07 $ (0.18 ) $ 0.07 $ 0.13 $ (0.37 )
 

1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article
Synopsys: Custom Compiler

ALDEC:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Reverie: All That Glitters is not Past
More Editorial  
Jobs
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Senior Physical Design Engineer for Ambiq Micro at Austin, TX
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Digital and FPGA Hardware Designer for Giga-tronics Incorporated at San Ramon, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
2017 IoT Developers Conference at Santa Clara Convention Center California - Apr 26 - 27, 2017
CST: Webinars Begin on February 9



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy