MPS posts revenues for June quarter

Semiconductor manufacturer Monolithic Power Systems (MPS) has announced net revenues for the quarter ended 30 June 2010 of $55.7m (£35.5m) − an increase of 10.8 per cent from $50.3m in the first quarter of 2010 and 35.3 per cent from $41.2m in the second quarter of 2009.

GAAP net income was recorded at $6.4m, or $0.17 per diluted share, while non-GAAP net income came to $11.7m, or $0.31 per diluted share.