Conexant Reports $243.8 Million in Revenue, up 38%

In its first earnings report following the completion of its merger with GlobespanVirata, Conexant Systems reported quarterly revenues of $243.8 million, up 38% over the preceding quarter and up 74% over the same period in 2003. The net loss for the quarter was $143.4 million, or $0.41 per diluted share, compared to a net loss of $68.0 million, or $0.26 per diluted share in the preceding period.



The company cited strength in growth areas, which include products for DSL connectivity and wireless local area networking as well as digital set-top box and PC video solutions. This strength was partially offset by normal seasonal weakness in its universal access business.



Conexant also disclosed plans for approximately 200 job cuts. http://www.conexant.com