Altera posts quarterly sales results

Altera, a manufacturer of programmable logic devices, has announced second-quarter sales of $469.3m (£307.8m) − up 17 per cent from the first quarter of 2010 and up 68 per cent from the second quarter of 2009.

Net income was $180.6m, or $0.58 per diluted share, compared with $153.2m, or $0.5 per diluted share, in the first quarter of 2010 and $47.4m, or $0.16 per diluted share, in the second quarter of 2009.