Mindspeed Reports Revenu of %58 Million, up 29% YoY

Mindspeed reported quarterly revenues of $57.6 million for its fourth fiscal quarter. Excluding patent sales of $12.8 million, product revenues were $44.8 million and increased sequentially by 3.6 percent from product revenues of $43.3 million in the prior fiscal quarter and increased year-over-year by 29 percent from revenues of $34.7 million in the fiscal fourth quarter of 2009.


Product revenues from communications convergence processing solutions, formerly known as multiservice access, contributed 43 percent of fiscal fourth quarter of 2010 product revenues and increased 6 percent sequentially from the prior fiscal quarter. Product revenues from high-performance analog products increased 4 percent sequentially from the prior fiscal quarter and represented 33 percent of product revenues. Wide area networking communications product revenues contributed the remaining 24 percent of fiscal fourth quarter of 2010 product revenues and decreased 1 percent sequentially from the prior fiscal quarter.


"The fiscal fourth quarter was another great quarter of execution for Mindspeed. It marked the sixth quarter of sequential revenue growth and concluded a fiscal year for Mindspeed in which we grew product revenue 36 percent and delivered record profitability. Looking forward to fiscal 2011, we expect to continue expanding our market leading positions in fiber optic access and high-performance analog, as well as to continue our design win traction with our newest initiative into the fast growing 3G/4G wireless infrastructure market," said Raouf Y. Halim, Mindspeed's chief executive officer.
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