NetLogic Sees Q3 Sales Rise 3% to $107 Million

NetLogic posted Q3 2011 revenue of $106.8 million, a 3.0% sequential increase from $103.7 million for the second quarter of 2011 and a 6.8% increase from $100.1 million for the third quarter of 2010. Third quarter 2011 net income (GAAP) was $7.2 million or $0.10 per diluted share. By comparison, GAAP net income was $5.2 million or $0.08 per diluted share for the third quarter of 2010.


"This was another positive quarter for NetLogic Microsystems,�? said Ron Jankov, president and CEO. "In addition to solid financial results, during the third quarter we marked another significant milestone in our roadmap with the announcement of the XLP®II processor, the industry's most advanced multi-core processor leveraging the advanced 28 nanometer process node. This ground-breaking new processor demonstrates our continued commitment to technology leadership and further highlights the tremendous execution capability and expertise of our team."http://www.netlogicmicro.com/