SAN JOSE -- Pericom Semiconductor Corp. here said its fiscal 2000 second quarter net income rose 48.9%, lifted by demand for its server components from Internet-related businesses as well as continued strength in the telecommunication and data communication markets.
The company's earnings rose to $2.6 million, or 24 cents per share, in the quarter ended Dec. 31, from $1.6 million, or 16 cents per share, in the comparable quarter of 1998. Pericom's revenue rose to a record high $20 million, 38% higher than the $14.5 million recorded in the year-ago quarter. After pulling out of the last industry downturn, Pericom has seen a consistent increase in revenue in its last four quarters.
Pericom accelerated sales into the server market during the quarter and witnessed an increase in demand for its switches and clock timing products at several major server OEMs. The company said it also bagged several design wins for its products and expects increased revenue flow from these contracts in calendar 2000.
"Significant product introductions included the 'SuperClock'programmable skew clock family targeting networking, telecommunications and storage area network applications," said Alex Hui, Pericom's president and CEO. "The bookings in the December quarter and the resulting order visibility suggest continued favorable business conditions in our March quarter."