SAN FRANCISCO—Programmable logic vendor Xilinx Inc. Wednesday (April 27) posted record sales of $2.37 billion for its fiscal year and reported revenue for the quarter ended April 2 and guidance for current quarter that exceeded consensus analysts' expectations.
Xilinx (San Jose, Calif.) reported fiscal fourth quarter sales of $587.9 million, up 4 percent compared to the previous quarter and up 11 percent compared to the year-ago quarter. The company reported a net income for the quarter of $160.1 million, or 59 cents per diluted share, up 5 percent sequentially and up 8 percent year-to-year.
Xilinx' quarterly sales exceeded consensus analysts' expectations, which called for sales of about $580 million, according to Yahoo Finance.
For Xilinx' fiscal 2011, which also closed April 2, the company reported record sales of $2.37 billion, up 29 percent from fiscal 2010. Fiscal 2011 net income increased 80 percent to of $641.9 million, or $2.39 per diluted share, Xilinx said.
"I am very pleased with our fiscal 2011 results," said Moshe Gavrielov, Xilinx president and CEO, in a statement.
Gavrielov said the company would demonstrate 28-nm technology leadership in fiscal 2012, adding that Xilinx was the first programmable logic vendor to tape out a 28-nm FPGA and first to deliver 28-nm silicon to customers.
"We have already taped out three 28-nm FPGAs thus far and we continue to expect the product rollout at this technology node to be the fastest in our history," Gavrielov said.
Xilinx said 46 percent of its fiscal fourth quarter revenue came from new products— Virtex-6, Virtex-5, Spartan-6, Spartan-3A and Spartan-3E FPGAs—up from 43 percent in the previous quarter and up from 36 percent in the year-ago quarter. Overall, new products sales were up 10 percent sequentially and up 42 percent year-to-year, Xilinx said.
Sales to North American customers accounted for 27 percent of Xilinx' fourth quarter revenue, down from 30 percent in the previous quarter and 33 percent in the year ago quarter. Overall, sales to North American customers were down 8 percent sequentially and 8 percent year-to-year, Xilinx said. Meanwhile, sales to European customers increased 40 percent sequentially and 35 percent year-to-year to account for 30 percent of the company's total fourth quarter revenue, Xilinx said.
Sales to communications customers grew 8 percent sequentially and 10 percent year-to-year to account for 47 percent of total fourth quarter sales, Xilinx said. Sales to data processing customers increased 12 percent sequentially, but were down 2 percent year-to-year, Xilinx said.
For the current quarter, Xilinx expects sales to be between $587.9 million and $611.4 million, flat to up four percent sequentially. Consensus analysts' expectations had pegged Xilinx' sales for the current quarter at roughly $585.9 million, according to Yahoo Finance.
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