Cavium Posts Q2 Sales of $55 Million, up 4% Sequentially

Cavium posted Q2 sales of $55.3 million, a 4.8% sequential increase from the $52.7 million reported in the first quarter of 2012. Net loss (GAAP) was $11.8 million, or $(0.24) per diluted share, compared to $13.8 million, or $(0.28) per diluted share in the first quarter of 2012. Gross margins were 55.2% in the second quarter of 2012 compared to 46.9% in the first quarter of 2012. Total cash and cash equivalents were $61.4 million at June 30, 2012.
http://www.cavium.com 01-Aug-12