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United States : Inphi Corporation Announces Third Quarter 2014 Results [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Inphi Corporation, a leading provider of high-speed mixed signal semiconductor solutions for the communications, data center and computing markets, today announced financial results for its third quarter ended Sept. 30, 2014. Revenue for the third quarter of 2014 was $36.3 million, up 7% sequentially from $33.9 million reported for the second quarter of 2014 and up 36% year-over-year compared with $26.6 million reported for the third quarter of 2013. Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of 2014 was 64.1% of revenue, compared with 63.2% of revenue for the third quarter of 2013. GAAP net loss for the third quarter of 2014 was $6.9 million, or ($0.22) per diluted common share, compared with GAAP net loss of $2.8 million, or ($0.09) per diluted common share, for the third quarter of 2013. Inphi reports gross margin, net income (loss), and earnings per share in accordance with GAAP and on a non-GAAP basis. A reconciliation of the GAAP to non-GAAP gross margin, net income, and earnings per share, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this news release. Gross margin on a non-GAAP basis for the third quarter of 2014 was 65.0%, compared with 64.2% for the third quarter of 2013. Non-GAAP net income for the third quarter of 2014 was $3.8 million, or $0.12 per diluted common share. This compared with non-GAAP net income of $1.1 million, or $0.04 per diluted common share for the third quarter of 2013. 2014 is truly becoming a transformative year for Inphi, said Ford Tamer, president and CEO of Inphi. We have grown our company organically by nearly 40% year-over -year, and we re continuing to drive to higher levels of profitability in the third quarter by achieving 14% non GAAP operating margin. By closing the Cortina acquisition, we have added a very profitable $80 million business with more than 110 engineers bringing our growing Communications products to approximately 75% of ongoing revenue. We are excited about this increase in scale, which over the next several years allows us to further capitalize on high growth expected in both the 100G/400G coherent markets - as well as the next-generation data centers. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |