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Product category: Communications ICs (Wired)
News Release from: Agere Systems
Edited by the Electronicstalk Editorial Team on 30 January 2004

Agere continues revenue improvements

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Agere Systems has reported revenues of $516 million for its first quarter of fiscal 2004, up 18% from revenues in the year-ago quarter, and up 2% sequentially.

Agere Systems has reported revenues of $516 million for its first quarter of fiscal 2004, ended 31st December 2003, up 18% from revenues in the year-ago quarter, and up 2% sequentially, exceeding the company's guidance The increase over the year-ago quarter was driven by a 33% growth in the company's Client Systems business, with strength in sales of chips for mobile phones, hard disk drives and other PC-related applications