MILPITAS, Calif. - Analog-chip maker Linear Technology Corp. here today reported sales of $232.1 million in its first fiscal quarter ended Oct. 1, an increase of 57% over the $147.5 million figure posted in the like period a year ago.
The company also reported a net of $102.2 million, or $0.31 a share, in the quarter, an increase of 75% over $58.5 million, or $0.18 a share, posted in the year ago period.
"Business continues strong for us in all of our major markets," said Robert Swanson, chairman and chief executive of Linear. "Opportunities in internet infrastructure, wireless communication, and mobile computing fueled our growth in communications, computers and industrial applications," he said.
"We increased sales 10% and profits 15% sequentially over the previous quarter, which is particularly strong performance for a summer quarter," he added.