Atheros Communications announced financial results for the second quarter of 2007, ended June 30, 2007
July 23, 2007
SANTA CLARA, Calif. -- Atheros Communications, Inc. (NASDAQ:ATHR) , a leading developer of advanced wireless solutions, today announced financial results for the second quarter of 2007, ended June 30, 2007.
Revenue in the second quarter was $100.8 million, up 6 percent from the $95.5 million reported in the first quarter of 2007 and up 38 percent from the $73.2 million reported in the second quarter of 2006.
In accordance with U.S. generally accepted accounting principles (GAAP), the company recorded second quarter net income of $9.3 million or $0.16 per diluted share. This compares with a GAAP net income of $7.6 million or $0.13 per diluted share in the first quarter of 2007. Net income in the second quarter of 2006 was $6.8 million or $0.12 per diluted share. Total cash and investments were $228 million at June 30, 2007.
Atheros Communications Inc. (Nasdaq: ATHR)
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