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Applied Micro says on track for break-even in March quarter

Thursday 31 January 2013 | 10:28 CET | News
Applied Micro Circuits reported revenues of USD 51.7 million for its fiscal third quarter to December, up 12 percent from the previous quarter, but down 8 percent year over year. The net loss widened to USD 71.6 million or USD 1.08 per share, from USD 21.6 or USD 0.33 per share in the previous quarter. Excluding one-time items, the loss narrowed to 10 cents a share from 16 cents in fiscal Q2. Applied Micro finished the quarter with USD 84 million in cash, down from USD 90 million three months earlier. The company said performance simulations of its ARM 64-Bit X-Gene processor have

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Categories: Fixed
Companies: Applied Micro Circuits
Countries: World
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