PR Newswire: Omnivision reports financial results for the fiscal second quarter 2011 ended October 31, 2010. Revenues for the quarter were $239.5M, as compared to $193.1M in the previous quarter, and $183.3M a year ago. GAAP net income for the last quarter was $28.9M, as compared to $16.9M in the previous quarter, and $8.1M a year ago.
Gross margin for the last quarter was 28.2% as compared to 26.9% for the previous quarter and 24.0% a year ago. The sequential increase in the gross margin reflected a continuing yield improvement in the company's BSI products. Omnivision ended the period with cash, cash equivalents and short-term investments totaling $396.7M, an increase of $47.7M from the previous quarter.
Based on current trends, the company expects next quarter revenues will be in the range of $230M to $250M.