ALISO VIEJO, Calif. -- QLogic Corp. (NASDAQ:QLGC), a leader in networking for storage and high performance computing (HPC), today announced its first quarter financial results for the period ended June 29, 2008.
First Quarter Highlights
Financial Results
Net revenue for the first quarter of fiscal 2009 was $168.4 million and increased 20% from $139.8 million in the comparable quarter last year. Revenue from Host Products, which are comprised primarily of Fibre Channel and iSCSI host bus adapters and InfiniBand host channel adapters, was $120.7 million during the first quarter of fiscal 2009 and increased 16% from $104.2 million in the comparable quarter last year. Revenue from Network Products, which are comprised primarily of Fibre Channel and InfiniBand switches, was $29.9 million during the first quarter of fiscal 2009 and increased 22% from $24.5 million in the comparable quarter last year. Revenue from Silicon Products, which are comprised primarily of protocol chips and management controllers, was $15.6 million during the first quarter of fiscal 2009 and increased 62% from $9.6 million in the comparable quarter last year.
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