Vimicro reports quarterly rise in revenues

Vimicro, a multimedia semiconductor and solution provider, has reported that net revenue in the second quarter of 2010 was $26.4m (£16.7m) − an increase of 31 per cent over $20.1m in the first quarter of 2010 and 41 per cent over $18.7m in the second quarter of 2009.

Net loss attributed to Vimicro was $2.8m, or $0.08 loss per ADS, compared with a net loss of $4.4m, or $0.12 loss per ADS, in the first quarter of 2010.