Mindspeed Delivers 15% Revenue Growth

Mindspeed Technologies, a supplier of semiconductor solutions for network infrastructure applications, reported quarterly revenues of $26.7 million, up 15% from the preceding quarter and at the high end of the company's expectations set at the beginning of the quarter. There was a pro forma operating loss of $13.7 million, or $0.15 per share.


Mindspeed said revenue growth from T/E carrier transmission products, particularly DS3/E3, was primarily driven by increasing deployment of next-generation metro optical platforms. Revenue growth from multiservice access products was driven by increasing demand for VoIP, particularly from customers in the Asia-Pacific region, for use in telecommunications carrier equipment as well as for converged voice/data enterprise networks.


Mindspeed expects revenues from the current quarter to be up 10-15% sequentially yielding a revenue range of between $29.4 million and $30.8 million, the company's highest revenue level in ten quarters. The company expects overall gross margin to be roughly 68%.\http://www.mindspeed.com