MIPS Technologies, a semiconductor design IP company, has posted a GAAP net income of $5m, or $0.11 per share on a diluted basis, for the second quarter of fiscal 2009 ended December 31, 2008, compared to a net loss of $12.1m, or $0.28 per share on a diluted basis, in the second quarter of fiscal 2008.
Revenue for the second quarter of fiscal 2009 was $26.4m, compared to the $26.5m reported in the second quarter of fiscal 2008.
For the first six months of fiscal 2009, the company posted a net loss of $2m, or, $0.04 per share on a diluted basis, compared to a net loss of $19.12m, or, $ 0.44 per share on a diluted basis for the corresponding period of fiscal 2008. For the six months period ended December 31, 2008, the company’s total revenue increased to $52.61m from $48.60m in the comparable period of fiscal 2008.
John Bourgoin, president and CEO of MIPS, said: I am pleased with the results of our processor business; our cost controls, GAAP net income and positive cash flow, all of which contributed to the strengthening of our balance sheet during second quarter. We are actively managing our costs worldwide to ensure the overall financial health of MIPS during these challenging economic times.
