Cavium Posts Revenue of $14 Million, up 12% Sequentially

Cavium Networks reported Q3 revenue of $14.2 million, a 12% sequential increase from the $12.7 million reported for the second quarter of 2007 and an increase of 54% from the $9.2 million reported for the third quarter of last year. Net income (GAAP) was $1.3 million, or $0.03 per share (diluted), compared with a net loss of $0.1 million, or $0.00 per diluted share in the second quarter of 2007, and a net loss of $1.7 million, or $0.21 per share (diluted) in the third quarter of last year. Gross margins were 63.2% in the third quarter of 2007 compared to 57.8% in the third quarter last year.
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