Hittite Microwave Corporation Reports Financial Results for the First Quarter of 2011

Hittite Microwave Corporation        
Condensed Consolidated Statements of Operations (unaudited)
(In thousands except per-share data)
Three Months Ended March 31,
2011 2010
 
Revenue $ 67,241 $ 54,193
Cost of revenue   18,161     14,421  
Gross profit 49,080 39,772
  73.0 %   73.4 %
Operating expenses:
Research and development 9,426 6,952
Sales and marketing 5,438 4,621
General and administrative   3,008     3,102  
Total operating expenses   17,872     14,675  
Income from operations 31,208 25,097
46.4 % 46.3 %
 
Interest and other income (expense), net   59     (25 )
Income before income taxes 31,267 25,072
Provision for income taxes   11,089     8,953  
Net income $ 20,178   $ 16,119  
 
Earnings per share:
Basic $ 0.67   $ 0.55  
Diluted $ 0.66   $ 0.54  
 
Weighted Average Shares Outstanding:
Basic   30,113     29,297  
Diluted   30,552     29,874  




Review Article Be the first to review this article

Synopsys: Custom Compiler

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Real Intent: Leveraging on Investments
More Editorial  
Jobs
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
FPGA Engineer for Teradyne Inc at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
Field Application Engineer for Teradyne Inc at San Jose, CA
Upcoming Events
CODES+ISSS 2017, Oct 15-20, 2017, Lotte Hotel, Seoul, South Korea at Lotte Hotel Seoul Korea (North) - Oct 15 - 20, 2017
DVCon 2017 Europe, Oct 16 - 17, 2017, Munich, Germany at Holiday Inn Munich City Centre Munich Germany - Oct 16 - 17, 2017
11th International Symposium on Networks-on-Chip (NOCS 2017) at Seoul Korea (South) - Oct 19 - 20, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise