India, Nov. 10 -- Silicon Laboratories Inc. (SLAB) on Tuesday reported a return to profitability in the third quarter, supported by broad-based revenue growth and strong demand across several end markets.
For the third quarter, net income was $8.9 million, or $0.26 per share, compared with a net loss of $9.9 million, or $0.30 per share, in the year-ago quarter.
Revenue increased 22% to $250.9 million from $206 million a year earlier. Industrial and Commercial revenue rose 20% to $141 million, while Home and Life revenue grew 24% to $110 million. Medical revenue increased 48% sequentially and more than 300% year over year to a new quarterly record.
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