Spansion releases first-quarter sales figures

Flash-memory product provider Spansion has announced operating results for its first quarter of fiscal 2010, posting net sales of $277.3m (£181.8m).

The company generated net income on a US GAAP basis of $3.7m, or diluted net income per share of $0.02.  

US GAAP operating income for the quarter was $17.6m and gross and operating margins were 31.8 and 6.4 per cent, respectively.