C-Cube Microsystems (NASDAQ:CUBE) Q1 net rises
MILPITAS, Calif., April 10 (Reuter) -
(In thousands, except per share amounts)
Quarter ended March 31
1997 1996
Net revenues:
Product $94,132 $67,900
Development contracts -- 200
Total 94,132 68,100
Costs and expenses:
Cost of product revenues 40,975 31,979
Research and development 15,612 6,850
Selling, general and administrative 13,070 7,800
Total 69,657 46,629
Income from operations 24,475 21,471
Other income (expense), net (1,067) 471
Income before income taxes
and minority interest 23,408 21,942
Income tax expense 7,958 7,680
Income before minority interest 15,450 14,262
Minority interest in net income
of subsidiary 55 681
Net income 15,395 13,581
Net income per share 0.41 0.38
Shares used in computation 37,944 36,042
Copyright 1997, Reuters News Service |
