Xilinx Announces 2014 Fiscal Q2 Sales Increase 3% Sequentially; New Products Drive Growth

SAN JOSE, Calif., Oct. 16, 2013 — (PRNewswire) —

SAN JOSE, Calif., Oct. 16, 2013 /PRNewswire-FirstCall/ -- Xilinx, Inc. (Nasdaq: XLNX) today announced second quarter fiscal 2014 sales of $599 million, up 3% from the prior quarter and up 10% from the same quarter of the prior fiscal year.  Second quarter fiscal 2014 net income was $141 million or $0.49 per diluted share; including a contingent litigation expense of $29 million, or $0.09 per diluted share.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.25 per outstanding share of common stock, payable on November 27, 2013 to all stockholders of record at the close of business on November 6, 2013.

Additional second quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)

Growth Rates









Q2

FY 2014

Q1

FY 2014

Q2

FY 2013


 

Q-T-Q

 

Y-T-Y

Net revenues

$598.9

$579.0

$543.9


3%

10%

Operating income

$163.8

$192.9

$148.1


-15%

11%

Net income

$141.5

$157.0

$123.4


-10%

15%

Diluted earnings per share

$0.49

$0.56

$0.46


-13%

7%

"Sales from Xilinx's 28-nm products have once again exceeded our expectations, surpassing $80 million in the September quarter.  Kintex™-7 sales were particularly strong during the quarter, driven by wired and wireless communication applications," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.   "Additionally, gross margin was 69.5% in the September quarter, up from 65.5% in the same quarter of the prior year.  This is the second consecutive quarter that the Company has reported a record gross margin and a strong testament to our on-going margin expansion efforts." 

Net Revenues by Geography:


Percentages


Growth Rates









Q2

FY 2014

Q1

FY 2014

Q2

FY 2013


 

Q-T-Q

 

Y-T-Y

North America

31%

31%

28%


2%

22%

Asia Pacific

38%

36%

36%


11%

17%

Europe

22%

24%

26%


-6%

-7%

Japan

9%

9%

10%


3%

-5%


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