Vitesse Semiconductor Reports Record Quarter

Vitesse Semiconductor Corp. in Camarillo reported record revenues and net income for the third quarter ended June 30.

Revenues were $27.6 million, an increase of 60% over the $17.3 million in the third quarter of fiscal 1996 and 12% above the $24.6 million recorded in the second quarter of this year.

Net income for the third quarter was $9 million or 23 cents per share, compared with net income of $3.8 million or 12 cents per share in the third quarter of fiscal 1996. Net income for the second quarter this year was $7.8 million or 20 cents per share.

“Revenues increased . . . over the third quarter of 1996 as a result of continued growth in our key markets of communications and test equipment,� said Lou Tomasetta, president and chief executive officer.

Vitesse designs and manufactures integrated circuits primarily for telecommunications, data communications and automated test-equipment systems providers.