International Rectifier reveals second-quarter results

Power-management company International Rectifier has announced financial results for the second quarter of its fiscal year 2011, reporting revenue of $281.7m (£240.8m), which was a slight increase from $280.9m in the first quarter of fiscal year 2011 and a 34 per cent increase from $210.2m in the second quarter of fiscal year 2010. 

International Rectifier reported a net income of $43.9m, or $0.62 per fully diluted share, for the second quarter fiscal year 2011, compared with net income of $33.5m, or $0.47 per fully diluted share, in the first quarter of fiscal year 2011.