View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 4, 2009

Conexant Q2 net loss narrows

The company posted a net revenue of $74.48m compared to $118.51m for second quarter of fiscal 2008

By CBR Staff Writer

Conexant Systems, a provider of semiconductor solutions, has posted a net loss of $13.76m, or $0.28 per basic and diluted share, for the second quarter ended April 3, 2009, compared to a net loss of $142m, or $2.88 per basic and diluted share, for the same period in 2008.

The company has reported net revenues of $74.48m for the second quarter of fiscal 2009, compared to $118.51m for the same quarter of fiscal 2008.

For the first six months of fiscal 2009, total revenue was $160.98m, compared to $264.45m for the same period of fiscal 2008. Net loss was $31.45m, or $0.63 per basic and diluted share, compared to $151.22m, or $3.07 per basic and diluted share, for the same period of fiscal 2008.

Scott Mercer, chairman and CEO of Conexant Systems, said: The Conexant team delivered performance that met or exceeded our expectations on all major financial metrics for the second fiscal quarter. Revenues of $74.5m exceeded the high end of the range we provided in January. Gross margin of 52.7% was within the range we expected, and core operating expenses of $41m were a million dollars lower than we anticipated entering the quarter due to our continued focus on cost-reduction activities.

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU