Xilinx Announces 2014 Fiscal Q1 Results; Sales Increase 9% Sequentially

SAN JOSE, Calif., July 17, 2013 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX) today announced first quarter fiscal 2014 sales of $579 million, up 9% from the prior quarter and down 1% from the same quarter of the prior fiscal year.  First quarter fiscal 2014 net income was $157 million or $0.56 per diluted share.  

(Logo: http://photos.prnewswire.com/prnh/20020822/XLNXLOGO)

The Xilinx Board of Directors announced a quarterly cash dividend of $0.25 per outstanding share of common stock, payable on August 28, 2013 to all stockholders of record at the close of business on August 7, 2013.

Additional first quarter comparisons are represented in the charts below:                      

GAAP Results

(In millions, except EPS)


Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

Net revenues

$579.0

$532.2

$582.8


9%

-1%

Operating income

$192.9

$147.2

$164.6


31%

17%

Net income

$157.0

$130.6

$129.8


20%

21%

Diluted earnings per share

$0.56

$0.47

$0.47


19%

19%

 

"The June quarter was exceptional on many fronts.  Better than expected sales during the quarter were driven by broad-based end market strength, with particularly strong growth from wired communications and aerospace and defense applications. Gross margin was 69% in the quarter, up from 66% in prior quarter, and a new record for the Company.  Operating margin of 33% was up from 28% in the prior quarter and a direct result of improved gross margin and continued spending discipline," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "Sales of our 28-nm products exceeded $50 million during the quarter, once again surpassing our expectations with strong growth from all five products.  With the first 20-nm product in the semiconductor industry recently taped out by the Company, I am confident that Xilinx will continue to drive market expansion opportunities and augment our PLD leadership." 

Net Revenues by Geography:






Percentages


Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

North America

31%

31%

30%


9%

6%

Asia Pacific

36%

34%

35%


15%

2%

Europe

24%

26%

26%


1%

-9%

Japan

9%

9%

9%


5%

-7%

 

Net Revenues by End Market:









Percentages


 Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

Communications & Data Center

44%

44%

45%


8%

-2%

Industrial, Aerospace & Defense

37%

37%

34%


10%

9%

Broadcast, Consumer & Automotive

16%

17%

16%


4%

-5%

Other

3%

2%

5%


27%

-40%

 

Net Revenues by Product:









Percentages


Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

New

30%

27%

17%


24%

75%

Mainstream

36%

41%

43%


-3%

-17%

Base

30%

28%

36%


14%

-17%

Support

4%

4%

4%


0%

-5%

 

Products are classified as follows:

New products: Virtex® 7, Kintex™ 7, Artix™-7, Zynq™-7000, Virtex 6, Spartan™ 6 products

1 | 2 | 3  Next Page »



Review Article Be the first to review this article
Featured Video
Jobs
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
Upcoming Events
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy