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Product category: Communications ICs (Wired)
News Release from: Intersil
Edited by the Electronicstalk Editorial Team on 01 May 2003

Intersil pleased with overall
performance

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Intersil Corp has reported financial results for the first quarter ended 4th April 2003.

Intersil Corp has reported financial results for the first quarter ended 4th April 2003 On a generally accepted accounting principles (GAAP) basis, net revenue was $164.4 million, an increase of 23% from the first quarter of 2002

GAAP net income for the first quarter of 2003 was $13.7 million or $0.10 per diluted share.

This compares to net income of $13.8 million or $0.13 per diluted share for the same period a year ago.

Intersil believes that adjusted revenue and earnings information is a more accurate representation of its quarterly operating performance and has therefore chosen to provide this information to investors for a more consistent basis of comparison.