- Quarterly revenue of $106.2 million:
- Record revenue of $23.5 million for Automotive Products
- Record revenue of $14.4 for Wireless Audio Products
- Strict operating expense management, resulting in lower than expected non-GAAP operating expenses of $ 42.1 million,
- Strong cash generation from operations of $15.8 million,
- Share repurchases of approximately $15 million,
- Cash and investments of approximately $169 million.
SMSC (NASDAQ: SMSC) today announced financial results for its third quarter of fiscal 2012, ended November 30, 2011. Third Quarter Fiscal Year 2012 Highlights: