MANHASSET, N.Y. Programmable logic device supplier Altera Corp. posted second quarter 2006 sales of $334.1 million, up 14 percent from the first quarter of 2006 and 17 percent from the year-ago second quarter.
Additional second-quarter financial results will be available as soon as Altera (San Jose) concludes its review of historical stock option practices and related accounting concludes. The company announced last month it would restate
ten years of earnings following a preliminary conclusion in its investigation of stock options granting practices.
"Growth accelerated this quarter led by robust new product sales gains," said John Daane, president, chief executive, and chairman of Altera, in a statement. "Our largest growth contributor was the 90-nm Stratix II FPGA family, demonstrating our continued strong competitive position as a high-density FPGA supplier. We saw substantial growth as well from low-cost Cyclone(TM) II FPGAs and MAX II CPLDs."
For the third quarter, Altera expects sales of $334 million to $344 million.