Analysis
PMC-Sierra reports second quarter 2011 results
PMC-Sierra, Inc.,or PMC, the semiconductor innovator transforming storage, optical and mobile networks, has reported results for the second quarter ended June 26, 2011.
Net In the second quarter of 2011, the Company reported GAAP net income of $16.7 million, or $0.07 per diluted share, compared with GAAP net loss in the first quarter of 2011 of $7.7 million, or $0.03 per share. Non-GAAP net income in the second quarter of 2011 was $40.2 million, or $0.17 per diluted share, compared with non-GAAP net income of $30.6 million, or $0.13 per diluted share, in the first quarter of 2011.