Shares of Aliso Viejo-based QLogic Corp. rose 2.5% in afterhours trading after the company beat estimates for the quarter ended Jan. 1.
The maker of devices for data storage networks posted record revenue of $129.2 million for ongoing operations during the quarter, up 11% from the year ago-period.
Analysts were looking for revenue of $124.6 million.
Net income for ongoing operations fell 1% to $31.7 million compared to the year-ago period, but beat analysts’ estimates of $28.2 million.
QLogic’s ongoing operations didn’t include results from its former disk drive controller business, which it sold for $225 million in the quarter to Sunnyvale-based Marvell Technology Group Ltd.
QLogic makes host bus adapters, circuit boards that link computers on data storage networks, among other things.
Sales of host bus adapters grew 16% during the quarter compared to a year earlier.
