Verigy Ltd. said first quarter revenue was $200 million, a 21 percent increase over revenue of $165 million in the prior year period, and a decrease of 4 percent from the prior quarter of $209 million.

Orders for the first quarter were $179 million, a 35 percent increase over orders of $133 million in the prior year period, and a decrease of 2 percent from $183 million from the prior quarter.

Net income for the first quarter was $32 million or $0.52 per fully diluted share, compared with net income of $13 million or $0.22 per fully diluted share in the prior year period, and was unchanged from the prior quarter.

''No company in our sector is immune from the current market deterioration and we are closely monitoring the volatility in the semiconductor industry as well as the concerns over the broader macroeconomic environment," said Keith Barnes, Verigy chairman, chief executive, in a statement.

For the quarter ending Apr. 30, the company said revenue is expected to be in the range of $155 to $170 million. Net income is expected to be in the range of $10 to $14 million, or $0.16 to $0.23 per fully diluted share.

Rival LTX Corp. said sales for the quarter were $31 million, up 5 percent from prior quarter sales of $29.6 million.

Net loss for the quarter was $3.2 million, or minus $0.05 per share on a GAAP basis. In the second quarter of fiscal year 2007, sales were $34.7 million and the net loss was $3.1 million, or minus $0.05 per share on a GAAP basis.

Total incoming orders for the second quarter of fiscal 2008 were $54.5 million yielding a book-to-bill ratio of 1.76 to 1, and up 82 percent from the prior quarter.

For the quarter ending April 30, 2008, revenue is expected to be in the range of $37 million to $40 million. The earnings per share is projected to be in the range of $0.01 to $0.03.