Atheros reported Q1 revenue of $95.5 million, up nine percent from the $87.8 million reported in the fourth quarter of 2006 and up 56 percent from the $61.1 million reported in the first quarter of 2006. Net income (GAAP) was $7.6 million or $0.13 per diluted share, compared with a GAAP net loss of $1.2 million or a loss of $0.02 per diluted share in the fourth quarter of 2006, which included $12.3 million in estimated acquisition related expenses.
“Q1 was another strong quarter for Atheros and one in which we experienced strong demand for both our WLAN and Ethernet products,” said Craig Barratt, president and CEO of Atheros. “We reported our eighth consecutive quarter of record revenue and the highest pro forma net income in our company’s history.
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