AMCC Posts Revenue of $47.4 Million, up 24%

AMCC reported quarterly revenue of $47.4 million, up 24% sequentially from the $38.2 million reported in the preceding quarter, and up 136% from the same period last year. The pro forma net income for the quarter was $237,000 or $0.00 per share, compared to the pro forma net loss of $7.1 million or $0.02 per share in the preceding quarter.



AMCC recently announced plans to acquire 3Ware, a developer of high capacity Serial ATA (SATA) storage solutions, and IBM's 400 series of embedded PowerPC processors. http://www.amcc.com