PMC-Sierra reported Q3 revenue of $63.1 million, up 4.5% compared with $60.4 million for Q2 2003 and up 5.9% compared with $59.6 million for the same period a year ago. Net income was $0.8 million (non-GAAP diluted earnings per share of $0.00) compared with a non-GAAP net loss of $3.9 million (non-GAAP net loss per share of $0.02) in the prior quarter.
Bob Bailey, president and CEO of the company said “after two-and-a-half years of hard work, PMC-Sierra has reached its intermediate goal of achieving profitability.”http://www.pmc-sierra.com
