Cavium
reported Q2 revenue of $71.6 million, a 12.7% sequential increase from the $63.6 million reported for the first quarter of 2011 and an increase of 43.7% from the $49.9 million reported for the second quarter of last year. Net income (GAAP) was $1.9 million, or $0.04 per diluted share, compared to net income of $1.5 million, or $0.03 per diluted share in the first quarter of 2011, and a net income of $0.6 million, or $0.01 per diluted share in the second quarter of last year. Gross margins were 59.9% in the second quarter of 2011 compared to 60.9% in the first quarter of 2011 and 60.8% in the second quarter of last year.
"This was our ninth quarter of sequential sales growth, driven by strong organic growth in our core enterprise and service provider as well as our broadband and consumer business. We generated record quarterly sales, strong non-GAAP gross and operating margins, and record non-GAAP net income during the quarter. Furthermore, our multi-core and other products continue to take market share as we experience record design win momentum among Tier-1 customers across our entire family of products" said Syed Ali, president and CEO of Cavium.
http://www.cavium.com
reported Q2 revenue of $71.6 million, a 12.7% sequential increase from the $63.6 million reported for the first quarter of 2011 and an increase of 43.7% from the $49.9 million reported for the second quarter of last year. Net income (GAAP) was $1.9 million, or $0.04 per diluted share, compared to net income of $1.5 million, or $0.03 per diluted share in the first quarter of 2011, and a net income of $0.6 million, or $0.01 per diluted share in the second quarter of last year. Gross margins were 59.9% in the second quarter of 2011 compared to 60.9% in the first quarter of 2011 and 60.8% in the second quarter of last year. "This was our ninth quarter of sequential sales growth, driven by strong organic growth in our core enterprise and service provider as well as our broadband and consumer business. We generated record quarterly sales, strong non-GAAP gross and operating margins, and record non-GAAP net income during the quarter. Furthermore, our multi-core and other products continue to take market share as we experience record design win momentum among Tier-1 customers across our entire family of products" said Syed Ali, president and CEO of Cavium.
http://www.cavium.com
began providing wholesale access to its 4G (WiMAX) network, making it the first national scale wireless carrier in the U.S. to provide a wholesale 4G offering. Available immediately for Sprint's Wholesale customers are the Sierra Wireless 250U 3G/4G data card and HTC Detail 3G/4G handset, which has the same feature set as HTC EVO Shift 4G. http://www.sprint.com
has begun the first shipments of its 10-core OCTEON II CN66XX processors to multiple OEM customers. The Cavium OCTEON II CN66XX integrates up to 10 MIPS64 cores and hardware acceleration for networking, mobile infrastructure, control-plane and data-center applications.
has selected the industry's fastest growing access platform, the Total Access® 5000, for a network upgrade. The upgrade will allow CTS to address higher-speed data demands and evolve the network to support VoIP to its new softswitch. ADTRAN will also provide the core technology for a major fiber roll-out funded in part by a Broadband Stimulus award. Financial terms were not disclosed. http://www.adtran.com http://www.ctstelecom.com/
The network uses the Cisco ONS 15454 Multiservice Transport Platform (MSTP), enabling Edpnet to offer communications channels with a bandwidth of 10 Gbps (STM-64, OC-192c, 10 gigabit Ethernet WAN PHY, 10 gigabit Ethernet LAN PHY) and 40 Gbps. The system is also ready for 100 Gbps channels. The equipment was delivered by Perfect, a Cisco premier certified partner in Russia. http://www.cisco.com
