Analog Devices announced financial results for the second quarter of fiscal 2007, which ended May 5, 2007. Revenue increased to $669 million, an increase of approximately 4% compared to the same period one year ago. Compared to the immediately prior quarter's product revenue of $657 million, revenue in the second quarter of fiscal year 2007 increased approximately 2%. Net income, under generally accepted accounting principles (GAAP), was $125 million, or 19% of revenue, compared to $146 million for the same period one year ago and $153 million for the immediately prior quarter.