Spansion announces results for second fiscal quarter

Spansion, a provider of Flash memory solutions, has announced operating results for its second fiscal quarter ended 27 June 2010.

On a US GAAP basis, Spansion reported net sales of $255.7m (£167.7m), an operating loss of $3m and net income of $341.8m. 

On a non-GAAP basis, adjusted net sales were $292.7m, adjusted operating income was $40.3m and adjusted net income was $27.4m.