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The company's net revenues for the second quarter of fiscal 2010 were $131.5 million, compared to $171.2 million in the same quarter of fiscal 2009.
For the first half of fiscal 2010, the company has reported a GAAP net income of $31.13 million or $0.26 per diluted share, compared to $58.8 million or $0.44 per diluted share in the first half of fiscal 2009.
Net revenues for the first half of fiscal 2010 were $254.23 million, compared to $339.62 million in the same period of fiscal 2009.
HK Desai, CEO of QLogic, said: "We are pleased with our strong financial performance during the second quarter, which was driven by a 7% sequential increase in revenue over our prior fiscal quarter. Our revenue performance, combined with effective operating expense management, yielded results that exceeded our guidance."
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