Reuters: Technology News: Cirrus Logic's quarterly revenue rises

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Cirrus Logic's quarterly revenue rises Jul 30th 2012, 20:25 Mon Jul 30, 2012 4:25pm EDT (Reuters) - Cirrus Logic Inc reported a rise in quarterly revenue helped by an increase in sales of its audio products. Net income for the first quarter fell to $7 million, or 10 cents per share, compared with $9.2 million, or 13 cents per share, a year earlier. Excluding items, it earned 22 cents per share. Revenue at the company rose 7 percent to $99 million. The company also said it will sell assets associated with its Apex Precision Power business in Tucson, Arizona for $26 million.

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