Xilinx Announces First Quarter Fiscal 2009 Results; Sales Increase 3% Sequentially

- Record sales of $488.2 million in fiscal Q1 - Gross margin of 63.8% - Industrial and Other sales reach record level

SAN JOSE, Calif., July 16 /PRNewswire-FirstCall/ -- Xilinx, Inc. (NASDAQ: XLNX) today announced record net revenues of $488.2 million in the first quarter of fiscal 2009, up 3% sequentially from the prior quarter and up 9% compared to the same quarter a year ago. First quarter net income was $83.9 million, or $0.30 per diluted share, including previously announced pre-tax restructuring charges of $19.5 million as well as a pre-tax charge of $4.6 million related to impairment losses on equity investments. Collectively these charges totaled $24.1 million, or approximately $0.07 per diluted share.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)

The Xilinx Board of Directors declared a quarterly cash dividend of $0.14 per outstanding share of common stock, payable on August 27, 2008 to all stockholders of record at the close of business on August 6, 2008.

    Additional first quarter comparisons are represented in the charts below:


    GAAP Results
    (In millions, except EPS)
                                                                Growth Rates
                        Q1 FY 2009   Q4 FY 2008   Q1 FY 2008   Q-T-Q    Y-T-Y
    Net revenues          $488.2        $475.8      $445.9       3%       9%
    Operating income      $107.0        $117.0       $97.5      -9%      10%
    Net income             $83.9         $96.5       $84.3     -13%       0%
    Diluted earnings
     per share             $0.30         $0.34       $0.28     -12%       7%

Sales from New Products increased 15% sequentially in the June quarter representing 42% of total sales, up from 28% in the same quarter a year ago. Virtex(R)-4 FPGA sales were particularly strong during the quarter driven by applications in the communications, defense and medical end markets.

Sales from the Asia Pacific region increased 15% sequentially in the June quarter reaching a record 32% of total sales, up from 29% in the same quarter a year ago. Strong sales growth was driven primarily by communications customers within the region as well as US-based communications customers with manufacturing operations in Asia Pacific.

"We reported a solid quarter in spite of macroeconomic headwinds," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "In addition to achieving record sales in the June quarter, our gross margin continued to improve due to disciplined efforts in the areas of yield improvement and cost reduction. Gross margin in the June quarter was 63.8%, up from 63.4% in the prior quarter and up from 62.2% in the same quarter a year ago."


    Net Revenues by Geography:
                               Percentages                  Growth Rates
                        Q1         Q4         Q1
                      FY 2009    FY 2008    FY 2008        Q-T-Q     Y-T-Y
    North America       35%        38%       39%            -4%       -1%
    Asia Pacific        32%        28%       29%            15%       21%
    Europe              23%        23%       22%             1%       14%
    Japan               10%        11%       10%            -3%        9%


    Net Revenues by End Market:
                                    Percentages             Growth Rates
                              Q1        Q4        Q1
                            FY 2009   FY 2008   FY 2008    Q-T-Q     Y-T-Y
    Communications            42%       42%       45%        3%        2%
    Industrial & Other        33%       33%       32%        5%       16%
    Consumer & Automotive     16%       17%       15%       -2%       13%
    Data Processing            9%        8%        8%        3%       17%


    Net Revenues by Product*:
                                  Percentages                   Growth Rates
                            Q1         Q4               Q1
                                                    FY  2009        FY  2008          FY  2008            Q-T-Q          Y-T-Y
        New                                          42%                38%                  28%                  15%                64%
        Mainstream                            40%                42%                  50%                  -2%              -12%
        Base                                        12%                14%                  16%                -14%              -19%
        Support                                    6%                  6%                    6%                  -5%                  8%

        *Products  are  classified  as  follows:

        New  Products:  Virtex-5,  Virtex-4,  Spartan(R)-3,  and  CoolRunner(TM)-II
          products
        Mainstream  Products:  Virtex-II,  Spartan-II,  CoolRunner  and  Virtex-E
          products
        Base  Products:  Virtex,  Spartan,  XC4000  and  XC9500  products
        Support  Products:  Configuration  solutions,  HardWire,  Software  &
          Support/Services


        Highlights  --  June  Quarter  Fiscal  2009
 


1 | 2  Next Page »



Review Article Be the first to review this article
Aldec

 Advanced Asembly

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
You’re Invited! CEO Outlook May 18
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating the UVM Register Abstraction Layer (RAL)
Jobs
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
Test and Measurement System Architect for Xilinx at San Jose, California
SoC Physical Design Engineer for Qualcomm at Austin, Texas
SerDes Applications Design Engineer for Xilinx at San Jose, California
Senior HID Sensor Algorithm Architect for Apple Inc at Cupertino, California
Business Operations Planner for Global Foundaries at Santa Clara, California
Upcoming Events
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise