Avago Technologies Limited Announces Third Quarter Fiscal Year 2009 Financial Results

“We saw a sequential improvement in our business during the third quarter with revenue increasing 12 percent. This increase was driven primarily by growth in our wireless communications and consumer and computing peripherals end markets,” said Hock Tan, president and CEO of Avago Technologies Limited. “We believe inventory replenishments across all end markets coupled with seasonality in the wireless and consumer markets will continue to drive growth for the rest of the fiscal year.”

Revenues by End Market            
  Percentages Growth Rates
Q3 09 Q2 09 Q3 08 Q/Q Y/Y
 
Wireless Communications 46 43 31 19% 23%
Wired Infrastructure 24 28 27 -3% -27%
Industrial & Automotive 19 20 31 6% -48%
Consumer & Computing Peripherals 11 9 11 36% -21%
Key Statistics   Q3 09   Q2 09   Q3 08
(In millions, except for days)
Cash From Operations $31 $66 $60
Depreciation $20 $20 $19
Amortization $20 $19 $21
Capital Expenditures $12 $13 $19
Days Sales Outstanding 45 52 44
Inventory Days On Hand 68 65 70

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