ALISO VIEJO, Calif. -- QLogic Corp. (NASDAQ:QLGC), a leader in networking for storage and high performance computing (HPC), today announced preliminary results for its first quarter ended June 29, 2008.
QLogic expects to report net revenues in the range of $166 million to $168 million for the first quarter of fiscal year 2009, compared to the previously forecasted first quarter net revenue range of $154 million to $158 million.
We are very pleased with our strong financial performance to start fiscal 2009, said H.K. Desai, the Companys chief executive officer. Our revenue performance was driven by sequential growth of approximately 9% for our Host Products and approximately 8% for our Network Products from the fourth quarter of fiscal 2008.
QLogic Corp.
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