Altera 1Q08 Update

Altera reported $336 million revenue representing 4% increase q-o-q. New category products saw revenue growth of 14% sequentially in this quarter. These products constituted 40% of the total revenue in the first quarter. FPGA and CPLD products showed higher demand rates with revenues increasing by 6% each.

Communications segment grew by 4% while other segments remained flat. Within communications, Telecom showed a decline while wireless and networking grew in double digits.

Asia remained the maximum contributor of revenues by region. Of the total revenues, $231 million worth of business came from this region alone.

Altera announced in the quarter, SFI-5 standard support in its Stratix II GX FPGAs with embedded transceivers that will enable it to provide 40-50 Gbps interface for high-performance optical communications applications like IPTV, VoD, etc.

During the quarter it also announced that ZTE will be using Stratix II FPGAs for TD-SCDMA remote radio units.

Altera was joined by Kevin H Lyman as the new VP of Human Resources.