SANTA CLARA, Calif. -- IXYS Corp. here continued its upward trend of revenue growth with third-quarter sales of were $19.6 million -- a 16% increase from the prior year's third quarter -- and net income of $1.8 million, or 14 cents per share (diluted), compared to $71,000 a year ago.
Since it merged with Paradigm Technology Inc., IXYS has had seven consecutive quarters of recordrevenue (see March 9, 1998, story ). The maker of power semiconductors has also had 12 consecutive quarters of increasing revenue.
Sequentially, IXYS was up 14% over second-quarter revenue of $17.4 million, which was a 6.1% increase from the prior year. Net income increased from $1.5 million in the second quarter. In the second quarter of fiscal 1999, IXYS had a net loss of $4.5 million.
"The IXYS team is very proud of the sustained growth for the last 12 quarters and especially the fact that it is spread globally over our large customer base," said Nathan Zommer, president and CEO. "Our products affect the quality of life in many basic areas, which include saving energy, powering up telecommunications networks and saving lives with IXYS-powered defibrillators."