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Article: Vitesse Reports First Quarter Fiscal Year 2009 Financial Results
- Article from:
- Wireless News
- Article date:
- February 23, 2009
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Wireless News
02-23-2009
Vitesse Reports First Quarter Fiscal Year 2009 Financial Results
Type: News
Vitesse Semiconductor Corp., a provider of IC solutions for Carrier and Enterprise networks, has reported its financial results for the first quarter of fiscal year 2009, ended December 31, 2008.
In a release, the company noted that highlights for this period include:
- Revenues were $49.8 million, including $5.0 million in Intellectual Property (IP) licensing revenues, compared to $52.5 million in the first quarter of fiscal year 2008.
- Income from operations of $3.1 million, excluding a $191.4 million non-cash charge due to the impairment of goodwill, compared with a loss from ...