Atmel has reported total revenues of $393.3m for the second quarter of 2010, an increase of 38.2% compared to $284.5m for the same quarter in 2009.
The company posted operating loss of $78.8m for the second quarter compared to $17.6m for the same period last year.
For the quarter ended June 30, 2010, the company posted net loss of $36.4m, or $0.08 per share, compared to net loss of $12.4m, or $0.03 per share for the same period last year.
Steve Laub, president and CEO of Atmel, said: "Our transformation to a higher growth and higher margin company is reflected in our increased revenues, improved gross margin, and strong cash flow from operations. We continue to build momentum in the microcontroller and touch businesses with increased design wins, particularly for our maXTouch solutions.
"We are also pleased to have achieved two major strategic milestones during the second quarter with the closing of the sale of our wafer manufacturing operations in Rousset, France, and the execution of a definitive agreement for the sale of our Smart Card business."
