Novellus releases quarterly results

Semiconductor equipment manufacturer Novellus Systems has announced that its second-quarter net sales were $321.4m ($214m) − an increase of $45.1m, or 16.3 per cent, from first-quarter 2010 net sales of $276.2m and up $202.2m, or 169.6 per cent, from second-quarter 2009 net sales of $119.2m.

Net income was $63.3m, or $0.66 per diluted share, compared with second-quarter 2009 net loss of $50m, or $0.52 per diluted share, and up $22.1m from first-quarter 2010 net income of $41.3m, or $0.43 per diluted share.