Analog Devices announced financial results for the third quarter of fiscal 2008, which ended August 2, 2008. Revenue was $659 million, an increase of 1.5% from the immediately prior quarter and 7% from the same period one year ago.
Revenue from industrial customers, which represented 50% of total revenue, declined 1% from the immediately prior quarter and increased 10% from the same quarter a year ago. On a sequential basis, revenue from most industrial applications increased while revenue from semiconductor automatic test equipment applications decreased.
Revenue from communications customers, 25% of total revenue, increased 1% from the immediately prior quarter and increased 11% on a year-over-year basis. Revenue from handset, optical and networking customers increased from the immediately prior quarter offsetting a decrease in revenue from basestation customers.
Revenue from consumer customers, 20% of total revenue, increased 5% on a sequential basis, principally due to growth in revenue from advanced TV, digital camera, and home entertainment system customers. Consumer revenue decreased by 1% from the same quarter a year ago. Revenue from computer customers, 5% of total revenue, increased 12% sequentially in line with an overall strong PC market worldwide and declined 5% on a year-over-year basis.
Revenue by product type
Analog product revenue increased 1% sequentially and 6% year-over-year, contributing 90% of total revenue in the third quarter. Revenue from converters and amplifiers totaled $454 million, representing 69% of total revenue in the third quarter. Converter revenue, 46% of total revenue, grew 2% sequentially and 8% year-over-year. Amplifier revenue, 23% of total revenue, was approximately the same as in the immediately prior quarter and increased 5% year-over-year.
General purpose DSP revenue grew 4% sequentially and 14% year-over-year, and represented 9% of total revenue in the third quarter.
Net income for the third quarter of fiscal 2008 was $138.6, compared to $120.4 million in the year ago period.
