Ethernet network processor provider EZchip Semiconductor has announced its results for the fourth quarter and full year ended 31 December 2010.
Total revenues in the fourth quarter of 2010 were $17.1m (£10.6m), an increase of 33 per cent compared to $12.9m in the fourth quarter of 2009 and an increase of five per cent compared to $16.4m in the third quarter of 2010.
Net income on a GAAP basis for the fourth quarter of 2010 was $4m, compared to net income of $14.9m in the fourth quarter of 2009 and of $4.5m in the third quarter of 2010.
Net income on a non-GAAP basis for the fourth quarter of 2010 was $8.6m, or $0.31 per diluted share, compared to non-GAAP net income of $5.5m, or $0.22 per diluted share, in the fourth quarter of 2009.
