Xilinx Sales Grow For 6th Consecutive Quarter; Dividend Raised For 12th Consecutive Year

SAN JOSE, Calif., April 26, 2017 — (PRNewswire) —  Xilinx, Inc. (Nasdaq: XLNX) today announced March quarter and fiscal 2017 results. Sales increased 4% to $609 million in the March quarter, representing the sixth consecutive quarter of sales increase for the Company.  March quarter net income was $153 million, or $0.57 per diluted share. Fiscal 2017 sales were $2.35 billion, up 6% from the prior fiscal year. Fiscal 2017 net income was $623 million, or $2.32 per diluted share. 

The Xilinx Board of Directors declared a quarterly cash dividend of $0.35 per outstanding share of common stock, an increase from the current dividend of $0.33 per share. The quarterly dividend increase will be effective in the June quarter, payable on June 1, 2017 to all stockholders of record at the close of business on May 16, 2017. 

Additional March quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)



Q4

FY 2017

Q3

FY 2017

Q4

FY 2016


Q-T-Q

Y-T-Y

Net revenues

$609

$586

$571


4%

7%

Operating income

$173

$163

$178


6%

-3%

Net income

$153

$142

$145


8%

6%

Diluted earnings per share

$0.57

$0.52

$0.54


10%

6%

"In the March quarter, we achieved a major milestone when sales from our 28nm product family significantly surpassed $200 million, setting a PLD industry record," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "Our newest products, manufactured on the 20nm and 16nm nodes, experienced similar success during the quarter.  Our 20nm products generated $60 million in sales driven by a broad base of applications.  At the 16nm node, we are now shipping 14 unique products to more than 450 customers.  Our execution at the 28nm, 20nm and 16nm technology nodes has enabled our '3-peat' leadership over the competition."

Net Revenues by Geography:


Percentages


Growth Rates


Q4

FY 2017

Q3

FY 2017

Q4

FY 2016


Q-T-Q

Y-T-Y

North America

31%

30%

32%


8%

2%

Asia Pacific

42%

43%

38%


2%

17%

Europe

19%

19%

21%


5%

1%

Japan

8%

8%

9%


0%

-7%


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