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.