Final results for Q2FY08

We published our final results for the second quarter of fiscal year 08. The numbers were on the top end of the estimated range from our preliminary results:

Revenuesfor the second quarter of fiscal 2008 were $3.615 billion, an increase of approximately 1.4 percent as compared with $3.566 billion for the second quarter of fiscal 2007. Total gross margin as a percent of revenues was 48.5, an increase of 3.5 percentage points, as compared with the second quarter of fiscal 2007. Net income for the second quarter of fiscal 2008 on a GAAP basis was $260 million, or $0.31 per share(1), as compared with a net income of $133 million, or $0.15 per share, for the second quarter of fiscal 2007. GAAP net income for the second quarter of fiscal 2008 included a $32 million restructuring charge.Cash generated from operations for the second quarter of fiscal 2008 was $336 million, and the cash and marketable debt securities balance at the end of the quarter was $4.677 billion.