LED leader Cree has announced record revenue of $234.1 million for its third quarter of fiscal 2010, ended March 28, 2010. This represents a 78% increase compared to revenue of $131.1 million reported for the third fiscal quarter last year and a 17% increase compared to the second quarter of fiscal 2010.
“We achieved record revenue and net income again in Q3 due to a combination of strong LED demand and solid execution with our factory ramp,” said Chuck Swoboda, Cree Chairman and CEO. “The LED lighting revolution continues to gain momentum and we remain focused on extending our leadership position while we build the scale, cost structure and channels to win in the market.”
Click here to read Cree’s financial press release.
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