Silicom Q3 net income up
Oct 29, 2013 (MarketLine via COMTEX) --
Silicom Ltd., a provider of server/appliances networking solutions, has reported that net income for the third quarter ended September 30, 2013 was $4.02 million, or $0.55 per diluted share, compared to $2.58 million, or $0.37 per diluted share, for the same quarter ended September 30, 2012.
Sales for the third quarter ended September 30, 2013 were $17.2 million, compared to $11.52 million for the same quarter ended September 30, 2012.
Net income for the nine months ended September 30, 2013 was $10.41 million, or $1.44 per diluted share, compared to $6.84 million, or $0.97 per diluted share, for the same period ended September 30, 2012.
Sales for the nine months ended September 30, 2013 were $47.94 million, compared to $32.04 million for the same period ended September 30, 2012.
Shaike Orbach, president and CEO, said: "We are extremely excited to report our strongest quarter on record, the outstanding culmination of the past four quarters' continual success and expansion. The 50% growth that we have achieved over the past T (Trailing Twelve Months) demonstrates the accelerating power of all our growth engines - that is, we continue to benefit from the ramp-up of our business with so many of our existing 90+ customers; from our reputation as the 'de facto' performance-boosting and features-set standard for server-based appliances, which continues to bring us important new customers and verticals; and from our underlying market insight, which continues to steer our development efforts in the right directions."
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