AMCC Sees 22% Sequential Increase in Revenues

Applied Micro Circuits Corporation (AMCC) reported quarterly revenue of $25.1 million, up 22% sequentially from the $20.5 million reported in prior quarter, but down 17% from the $30.2 million reported in the same period last year. The net loss for the quarter was $22.9 million or $0.08 per share, compared with a net loss of $53.4 million or $0.18 per share for the prior quarter.
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