Conexant Report Revenue of $165 Million, up 9% Sequentially

Conexant Systems reported quarterly revenues of $164.7 million, up 9% over the prior quarter and up 24% over the same period last year. There was a pro forma operating profit of $6.7 million. Revenue from ADSL modem and satellite set-top box solutions, two key growth areas for the company, increased more than 30 percent sequentially.


Dwight W. Decker, Conexant chairman and CEO, said his company had "completed its strategic transformation from a broad-based communications semiconductor supplier into a family of focused companies serving distinct markets." During the quarter, Conexant shipped a record number of set-top box components and delivered record unit shipments of ADSL client-side modems. Combined, these two key product areas grew more than 30% sequentially and nearly 60% from the year-ago period.
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