SUNNYVALE, Calif. -- Maxim Integrated Products Inc. reported record net revenues of $305.1 million for its fiscal second quarter ended Dec. 30, a 51.2% increase over the $201.7 million reported for the same quarter a year ago.
Net income increased to a record $99.1 million in the second quarter, compared to $64.6 million last year, a 53.3% increase. Diluted earnings per share were $0.31 for the second quarter, a 55.0% increase over the $0.20 reported for the same period a year ago.
The company was projected to earn $0.31 a share for the quarter, according to First Call/Thomson Financial. On Monday, it stunned the market by acquiring Dallas Semiconductor Corp. for $2.5 billion.