EZchip announces second-quarter revenues

EZchip Semiconductor, a provider of Ethernet network processors, has revealed that revenues in the second quarter of 2010 were $14.9m (£9.5m) − an increase of 123 per cent from $6.7m in second-quarter 2009 and 10 per cent from $13.6m in the first quarter of 2010.

Net income on a GAAP basis was $2.2m, or $0.09 per share, compared with a net loss of $0.7m, or $0.03 loss per share, in the second quarter of 2009 and $2.9m, or $0.11 per share, in the first quarter of 2010.

Net income on a non-GAAP basis was $7.1m, or $0.26 per share, compared with $1.2m, or $0.05 per share, in the second quarter of 2009 and $6m, or $0.23 per share, in the first quarter of 2010.