SHANGHAI, China, Nov. 7, 2013 (GLOBE NEWSWIRE) -- Montage Technology Group Limited (Nasdaq:MONT) ("Montage"), a global fabless provider of analog and mixed-signal semiconductor solutions addressing the home entertainment and cloud computing markets, today announced financial results for the third quarter ended September 30, 2013. Third Quarter 2013 Highlights:
- Attained record revenue of $30.1 million, an increase of 18.8 percent sequentially and 45.9 percent year-over-year;
- Reported 63.7 percent gross margin and 28.8 percent operating margin;
- Achieved GAAP net income per diluted share of $0.31, and non-GAAP net income of per diluted share of $0.38;
- Increased set-top box product revenue by 46 percent and memory interface product revenue by 44 percent over the prior year period; and
- Generated cash from operations of $11.2 million.