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QLogic Reports Q2

QLogic reports Q2 net revenue of $140.3M
October 24, 2007

ALISO VIEJO, Calif. -- QLogic Corp. (NASDAQ:QLGC), a leader in networking for storage and high-performance computing (HPC), today announced its second quarter financial results for the period ended September 30, 2007.

Second Quarter Highlights

  • Net revenue was $140.3 million.
  • Net income: $22.6 million GAAP, $32.5 million non-GAAP.
  • Net income per diluted share: $0.16 GAAP, $0.22 non-GAAP.
  • Cash generated from operations was $67.2 million.
  • $392.1 million in cash and short-term marketable securities as of September 30.

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