PMC-Sierra Post Q4 Revenue of $124 Million, up 21% YoY

PMC-Sierra reported Q4 2007 net revenues of $123.6 million compared with $117.5 million in the third quarter of 2007, and $101.9 million in the fourth quarter of the prior year. The revenues in the fourth quarter of 2007 represent a quarterly sequential increase of 5% and a year-over-year increase of 21%.


Net loss in the fourth quarter of 2007 on a GAAP basis was $5.1 million (GAAP loss per share of $0.02) compared with GAAP net loss of $5.9 million (GAAP loss per share of $0.03) in the third quarter of 2007.


"In the fourth quarter of 2007, PMC experienced its best operational results in years," said Bob Bailey, Chairman and CEO of PMC-Sierra. "We had strong demand for most of our diversified portfolio, especially enterprise storage and printer-related products."http://www.pmc-sierra.com