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Product category: Power Supply ICs and Controllers
News Release from: Intersil
Edited by the Electronicstalk Editorial Team on 30 July 2003

Intersil beats financial targets with
11% growth

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Intersil Corp has reported financial results for the second quarter ended 4th July 2003.

Intersil Corp has reported financial results for the second quarter ended 4th July 2003 On a generally accepted accounting principles (GAAP) basis, net revenue was $125.5 million, an increase of 9% from the first quarter of 2003

This excludes revenue from the company's discontinued Wireless Networking Product Group.

GAAP net income from continuing operations was $17.5 million or $0.12 per diluted share.

Intersil provided second quarter guidance on 23rd April 2003 including its Wireless Networking Product Group.

To be consistent with this guidance, Intersil is reporting adjusted revenue for the second