Thursday, July 22, 2010

QLogic Revenue Up 16% Year-over-Year, But Reduces Next Qtr Guidance

by David Gross

QLogic (QLGC) had a strong quarter, growing its top line 16% from a year ago to $143 million.   However it's getting hit in after hours trading as it took revenue guidance down for next quarter from $150 million to a range of $143 million to $147 million.   It's not getting beaten as badly as rival Mellanox (MLNX), which fell 32% today after guiding for a 7% sequential revenue decline, but it's down about 11% off this news from the earnings call. 

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