Microsemi reports rise in sales and profit25 January 2010 17:43:57
Gross profit margin in the quarter increased by 100 basis points to 49.6 per cent, - compared with 48.6 per cent in the previous three months. Operating margin was also up, at 23 per cent, while net income increased to $21.1 million (£13 million).
James Peterson, chief executive officer and president at Microsemi, said: "We are pleased with our first quarter results which showed continued strength in our business, especially in our analogue mixed signal markets."
In November Microsemi also announced promising financial results, with a 2.5 per cent increase in profit achieved compared with the previous quarter.
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