In a release on
"The third quarter of fiscal 2014 marked a breakthrough in terms of financial performance," said
"Underpinning these financial results was the continued success in our Communications business, particularly with our RapidIO switching business, where we are seeing increasing sales due to the ongoing build-out of 4G/LTE infrastructure in
"We have several key opportunities for growth driven by new product ramps in each of our Communications, Computing and Consumer end markets. In parallel, we will continue to take the appropriate actions to create a business structure that drives increasing earnings power as our top line expands. We remain focused on operational leverage, continued leadership in our target markets, and taking share in our core businesses," concluded Waters.
Recent Business Highlights:
-IDT announced the industry's first single-chip 5V Wireless Power Transmitter Solution. This highly-integrated solution enables development of Qi-compliant USB-powered wireless charging bases with 75 percent fewer ICs than competing solutions.
-IDT's dual-mode wireless power receiver was awarded 'The most competitive wireless power product' in the China Electronics Market (CEM) 2013 Editor's Choice Awards. The IDTP9021 is the industry's first dual-mode wireless power receiver IC that provides compatibility with both the
-A High-performance Digital Pre-Distortion Demodulator for Wireless Base Stations, further expanding IDT's Industry-leading RF Signal Chain Portfolio. IDT's New Integrated DPD Demodulator Improves System Performance while Reducing Solution Cost, Physical Size, and Power Consumption in Wireless Base Stations.
-IDT RapidIO 20 Gbps Interconnect Provides Breakthrough Performance in Data Center Products based on a New RapidIO Trade Association Specification. IDT Serial RapidIO Switches Provide 100ns Latency, Energy Efficiency, and Multi-processor Scalability for Data Center and Supercomputing Analytics Applications.
-A Low-power LVDS Clock Fanout Buffers Offering 60 percent Power Savings versus competitive offerings. IDT's Latest Differential Fanout Buffer Family Operates at 1.8V with Comparable AC Performance to 3.3V Versions, for High-performance Communication, Computing, and Networking Applications.
-Revenue from continuing operations for the fiscal third quarter of 2014 was
-GAAP net income from continuing operations for the fiscal third quarter of 2014 was
-Non-GAAP net income for the fiscal third quarter of 2014 was
-GAAP gross profit from continuing operations for the fiscal third quarter of 2014 was
-GAAP R&D expense for the fiscal third quarter of 2014 was
-GAAP SG&A expense for the fiscal third quarter of 2014 was
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In a release on