LOWELL, Mass., Jan. 29, 2013 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) ("M/A-COM"), a leading supplier of high performance analog semiconductor solutions, today reported its financial results for the quarter ended December 28, 2012.
First Quarter Fiscal Year 2013 GAAP Results
- Revenue was $75.0 million, compared to $74.6 million in the prior quarter;
- Gross margin was 43.0 percent, compared to 42.3 percent in the prior quarter;
- Operating margin was 15.7 percent, compared to 19.5 percent in the prior quarter;
- Net income was $6.1 million, or $0.13 per diluted share, compared to a net income of $17.0 million, or $0.36 per diluted share in the prior quarter; and
- Cash and cash equivalents totaled $92.6 million at December 28, 2012.
First Quarter Fiscal Year 2013 Non-GAAP Results
- Gross margin was 44.0 percent, compared to 43.9 percent in the prior quarter;
- Operating margin was 18.4 percent, compared to 20.5 percent in the prior quarter; and
- Net income was $9.7 million, or $0.20 per diluted share, compared to net income of $10.4 million, or $0.22 per diluted share in the prior quarter.
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