Ultra Clean reveals second-quarter revenue

Subsystems developer Ultra Clean has reported that, for the second quarter ended 2 July 2010, revenue was $105.9m (£68.4m), an increase of 7.5 per cent from first-quarter 2010 and an increase of 355.4 per cent from the same period a year ago. 

Gross margin for the second quarter was 14 per cent, compared with 12.6 per cent for first-quarter 2010 and -3.7 per cent for the same period a year ago.

The company recorded net income of $5.7m, or $0.25 per share, compared with net income of $3.9m, or $0.17 per share, for first-quarter 2010 and a net loss of $14.1m, or $(0.66) per share, for second-quarter 2009.