Conexant reported quarterly revenues of $61.9 million, exceeding the company’s financial guidance. GAAP gross margins were 61.1 percent of revenues. GAAP operating expenses were $26.9 million. GAAP net income including discontinued operations was $10.9 million, or $0.15 per diluted share.
“During the quarter we completed the financial restructuring of our company, which was one of our highest priorities,” Scott Mercer, Conexant’s chairman and chief executive officer said.
http://www.conexant.com
