Conexant Grows Revenues 23 Percent Year over Year

Conexant Systems announced quarterly revenues of $177.3 million, up 23% over the same period last year and up 8% over the preceding quarter. Pro forma operating profit was $17.2 million, or 9.7 percent of revenues, compared to $0.5 million in the year-ago quarter. The company credited the growth to record unit shipments in its client-side ADSL, satellite set-top box and PC video businesses.


Gross margin for the first fiscal quarter was 44.6%, up approximately one percent from the previous quarter. http://www.conexant.comIn November 2003, Conexant and GlobespanVirata announced plans to merge.