PMC-Sierra reported Q4 net revenues of$139.5 million, up 15.4% compared with $120.8 million in the fourth quarter of 2008 and up 6.6% compared with $130.9 million reported in the third quarter of 2009. Net income (GAAP) was $15.1 million (GAAP diluted net income per share of $0.06). This compares with GAAP net income of $8.8 million (GAAP diluted net income per share of $0.04) in the fourth quarter of 2008 and GAAP net income of $27.8 million (GAAP diluted net income per share of $0.12) in the third quarter of 2009.
“In the fourth quarter of 2009, our quarterly revenues returned to the peak levels achieved in 2008 based on strong growth in our Enterprise Storage and Microprocessor businesses,” said Greg Lang, president and chief executive officer of PMC-Sierra.
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