In addition, we have updated the schedules on our IR website, which include the historical quarterly and annual summary P&Ls for continuing operations, as well as historical quarterly and annual information for revenue from continuing operations by both end market and product type.Participating with me on today's call are Jerry Fishman, President and CEO; David Zinsner, Vice President of Finance and CFO; and Vincent Roche, Vice President of Sales and Strategic Market segments. During the first part of the call, Jerry and Dave will present our second quarter 2012 results, as well as our short-term outlook. The remainder of the time will be devoted to answering questions from our analyst participants. I'd ask you to please note that the information we are about to discuss includes forward-looking statements intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include risks and uncertainties, and our actual results could differ materially from those we will be discussing. Factors that could contribute to such differences include, but are not limited to those described in our SEC filings including our most recent quarterly report on form 10-Q filed earlier today. The forward-looking information that is provided on this call represents our outlook as of today, and we do not undertake any obligation to update the forward-looking statements made by us. Subsequent events and development may cause our outlook to change. Therefore, this conference call will include time-sensitive information that may be accurate only as of the date of this live broadcast, which is May 22, 2012. With that, I'll turn the call over to ADI's CEO, Jerry Fishman, for opening remarks. Jerald G. Fishman Well, thanks, Maria, and good afternoon to everybody on the call. Our revenues in our second quarter totaled approximately $675 million, which was up slightly more than 4% sequentially, but down about 15% compared to the year-ago quarter. You might remember the year-ago quarter when ADI revenue peaked, as customers built inventory to reduce the risk of supply disruptions that were widely feared after the March 2011 earthquake and tsunami.
The industrial end markets, which are typically seasonally strong for ADI in the second quarter turned even better performance than we had planned and grew about 12% sequential. All of the major application areas within industrial grew sequentially, and it was led by over 20% sequential growth in both instrumentation and in energy.Health care and industrial automation, which includes process control, as well as defense, aerospace and security, also grew sequentially in the second quarter. In general, indications in the industrial market are that customers have stopped depleting inventory and our current orders more closely matched consumption levels, certainly much more closely than had been the case over the last few quarters. In the industrial market, ADI is well recognized as the best brand amongst the wide range of industrial applications, and many of these applications we now believe have the potential for above market growth rates in the future. Revenues also increased sequentially from communications infrastructure customers, as both wired and wireless applications grew about 3% sequentially. Communications order rates began very slowly in the early parts of Q2, but improved significantly toward the end of the quarter. For the past few quarters, operators have worked to increase capacity at minimal cost by implementing software upgrades rather than hardware upgrades. But to date, networks in many regions of the world are very much overloaded, and operators find it difficult to respond to significantly higher bandwidth requirements from applications, such as streaming video by using existing equipment. As a result of new equipment upgrade cycles, ADI's leading technology portfolio and very strong customer relationships with the largest market shareholders in the infrastructure market, we expect our sales into communications applications to grow throughout the second half of our fiscal year and also into 2013. Read the rest of this transcript for free on seekingalpha.com