International Rectifier reveals revenue increase

Power-management company International Rectifier has posted revenue of $241.9m (£158.6m) for the third quarter ended 28 March 2010 – a 15.1 per cent increase from $210.2m in second-quarter 2010 and a 65 per cent increase from $146.6m in third-quarter 2009.

The company reported a net income of $40.4m, or $0.56 per fully diluted share, compared with a net income of $28.3m, or $0.39 per fully diluted share, in the prior quarter and a net loss of $82.6m, or $1.15 per share, in the third quarter of 2009.