International Rectifier sees increase in revenues

Power semiconductor manufacturer International Rectifier has announced that revenue for its fourth quarter of fiscal 2010 was $263.8m (£169.7m), representing a 9.1 per cent increase from $241.9m in the third quarter of 2010 and a 65.3 per cent increase from $159.6m in the fourth quarter of 2009.

The company reported a net income of $29m, or $0.41 per fully diluted share, compared with $40.4m, or $0.56 per fully diluted share, in the prior quarter and $29.1m, or $0.40 per share, in fourth-quarter 2009.