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Vitesse Posts 3Q11 Results

CAMARILLO, Calif. — Vitesse Semiconductor Corporation (NASDAQ: VTSS), a leading provider of advanced IC solutions for Carrier and Enterprise networks, today reported its financial results for the third quarter of fiscal year 2011, which ended on June 30, 2011.

“We are pleased to return to operating profitability in our third quarter. Our conservative management practices continue to improve overall margins and provide effective expense control adding leverage to our operating model. While our product sales for the quarter were impacted by persistent softness in the Asia Pacific region, we achieved our revenue targets with strong performance from our growing IP business,” said Chris Gardner, CEO of Vitesse.

Read the full press release.

{complink 5981|Vitesse Semiconductor Corp.}

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