Gennum announces revenue increase

Canadian IP core designer Gennum’s first-quarter revenue for 2010 has increased by 53 per cent over the first quarter of 2009, according to the company’s unaudited financial results.

The company reported first-quarter revenue of $29.5m (£19.4m) compared to $19.4m for the same period in 2009, while diluted earnings per share were $0.12 compared to a loss of $0.02 in 2009.

Gennum also recorded revenue growth of 18 per cent over the fourth quarter of 2009.