Xilinx, Inc. today announced that sales increased 3% but net income declined 4% sequentially in the third quarter of fiscal year 2001.
"The December quarter was impacted by the well-publicized inventory correction taking place at several of our global communications customers. While Advanced Products grew double-digits sequentially, Mature and Mainstream Products declined," said Wim Roelandts, Xilinx's president and chief executiveofficer.
"We continue to be encouraged by the strong growth of our newest Virtex-E and Spartan-II FPGA families. In addition, we are pleased by the customer interest in our recently announced Virtex-II family of FPGAs."
Xilinx also announced that:
-- End customer bookings and backlog for the December quarter declined on a sequential basis.
-- Turns bookings were 48 percent for the quarter as compared to 50 percent last quarter.
-- Inventory days at Xilinx and at worldwide distribution were 135 days and 52 days, respectively, compared to 102 days and 56 days last quarter.
-- Capital expenditures and depreciation were $32 million and $12 million, respectively.
-- Days sales outstanding declined by 6 days to 44 days.