Tessera’s Q2 Revenues Drop More than 5% to $70.7M
Published: 28 July 2011
by Staff
SAN JOSE – Tessera Technologies reported second-quarter revenues of $70.7 million, down 5.2% year-over-year.
Micro-electronics revenue was $60.5 million, down 7.1% compared to the same quarter in 2010.
Total GAAP net income was $11.6 million, a decline of nearly 23% year-over-year.
For the six months ended June 30, total revenue was $138.5 million, nearly flat with the same period last year. Micro-electronics revenue was $114.1 million, down 5.6% year-over-year.
GAAP net income for the six-month period was $22.8 million, a drop of 8% compared to the year-ago period.
Early in the third quarter, Tessera hired Rich Chernicoff to lead the IP and micro-electronics division.
