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Volterra posts higher profit

July 23 | Mon Jul 23, 2012 4:19pm EDT

July 23 (Reuters) - Volterra Semiconductor Corp reported a higher second-quarter profit helped by higher demand for its chips used in servers and notebooks.

Net income for the company, which makes low-voltage power supply chips, rose to $6 million, or 22 cents per share, from $5.3 million, or 20 cents per share, a year earlier.

Excluding items, it earned 32 cents per share.

Revenue rose 5 percent to $43.6 million.

Analysts were expecting earnings of 35 cents per share on revenue of $44.29 million, according to Thomson Reuters I/B/E/S.
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