Record Revenue Lifts RFMD Back Into Profitability
Posted July 26, 2006
GREENSBORO, N.C. — RF Micro Devices
, a developer of wireless communications solutions, is back in the black.
RFMD (Nasdaq: RFMD) reported record revenues of $238.3 million in the most recent quarter. The firm made a profit of $14 million, or 7 cents a share. It had reported a loss in the same quarter a year ago.
Increasing demand for cellular transceivers and transmit modules drove revenue growth, RFMD said.
RFMD has reported five consecutive quarters of revenue growth.