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QLogic Reports Q2
QLogic reports Q2 net revenue of $140.3M
October 24, 2007
1 Min Read
ALISO VIEJO, Calif. -- QLogic Corp. (NASDAQ:QLGC), a leader in networking for storage and high-performance computing (HPC), today announced its second quarter financial results for the period ended September 30, 2007.
Second Quarter Highlights
Net revenue was $140.3 million.
Net income: $22.6 million GAAP, $32.5 million non-GAAP.
Net income per diluted share: $0.16 GAAP, $0.22 non-GAAP.
Cash generated from operations was $67.2 million.
$392.1 million in cash and short-term marketable securities as of September 30.
Repurchased $144.7 million of outstanding common stock.
Financial Results
Net revenue for the second quarter of fiscal 2008 was $140.3 million. Revenue from Host Products, which are comprised primarily of Fibre Channel and iSCSI Host Bus Adapters (HBAs) and InfiniBand Host Channel Adapters (HCAs), was $104.4 million during the second quarter of fiscal 2008 and increased 4% from $100.4 million in the comparable quarter last year. Revenue from Network Products, which are comprised primarily of Fibre Channel and InfiniBand switches, was $22.0 million during the second quarter of fiscal 2008 and increased 8% from $20.2 million in the comparable quarter last year. Revenue from Silicon Products, which are comprised primarily of protocol chips and management controllers, was $11.5 million during the second quarter of fiscal 2008 and decreased 43% from $20.2 million for the comparable quarter last year.
QLogic Corp.
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