Cavium's Revenue Declines 17% in Q4 to $68 Million
Cavium posted Q4 2011 revenue of $56.3 million, a 16.9% sequential decrease from the $67.7 million reported for the third quarter of 2011. Net loss for the fourth quarter of 2011, on a GAAP basis, was $9.4 million, or $(0.19) per diluted share, compared to net income of $6.0 million, or $0.12 per diluted share in the third quarter of 2011. Gross margins were 58.1% in the fourth quarter of 2011 compared to 59.9% in the third quarter of 2011. Total cash and cash equivalents were $63.2 million at December 31, 2011.
http://www.cavium.com
Share this article
Help others discover this reporting.
Editorial responsibility
Staff
Editor & Publisher
Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about Cavium. One of the companies whose work it now carries:
QLogic built Fibre Channel adapters and storage networking silicon. What became of it?
QLogic brought Fibre Channel adapters and storage networking silicon to Semiconductor. That work was distinctive enough to lead to its acquisition by Cavium for US$1.36B. The standalone name now passes into the archive — but the team and technology continue inside Cavium today. One of 430 names here whose work outlived the company.
