Pro forma net income for the third quarter of fiscal 2001 was $48.1 million or $0.16 per share, compared with pro forma net income of $12.1 million or $0.05 per share for the third quarter of fiscal 2000, representing increases of 297% and 220%, respectively.
Sequentially, net revenues for the third quarter of fiscal 2001 increased 48% over the $97.0 million reported in the previous quarter. Pro forma net income for the third quarter of fiscal 2001 increased 35% over the $35.7 million, or $0.13 per share, reported in the previous quarter.
Net revenues for the nine months ended December 31, 2000 were $314.5 million, up 173% over the $115.3 million for the nine months ended December 31, 1999. Pro forma net income for the nine months ended December 31, 2000 was $111.7 million or $0.40 per share compared with pro forma net income of $28.0 million or $0.12 per share for the nine months ended December 31, 1999, representing increases of 299% and 233% respectively.
Commenting on the quarter’s results, Dave Rickey, Chairman, CEO and President of AMCC, said, Our communication business continues to grow impressively, posting 37% sequential growth for the AMCC base business and 34% on a pro forma combined basis, with MMC Networks included for a full quarter. This strength is being driven by our newer offerings, particularly 10-gigabit and framer layer products. In addition, our communication book-to-bill continues very strong at 1.33 for the quarter.
Rickey continued, The integration with MMC Networks is rapidly moving forward, as we continue to focus on offering complete system solutions for the new intelligent optical network.
