EZchip: Q2 Revenues Increase 28% Year-Over-Year To $28.3 Million

On August 12, EZchip announced its Q2 financial results. Among the highlights were an increase of more than 28% in total revenues compared to the same quarter last year. PRNewswire reported the following highlights:

  • Second quarter revenues of $28.3 million
  • Gross margin reached 76.7% on a non-GAAP basis
  • Gross margin reached 75.5% on a GAAP basis
  • Net income was $10.9 million on a non-GAAP basis
  • Net income was $5.4 million on a GAAP basis
  • Operating cash flow of $10.4 million
  • Repurchased 0.3 million shares during the second quarter for a total cost of $4.7 million
  • Net cash at end of quarter was $189 million

- See more at: http://www.prnewswire.com/news-releases/ezchip-announces-record-second-quarter-2015-results-q2-revenues-increase-28-year-over-year-to-283-million-300127443.html