Xilinx Announces Q3 Fiscal 2013 Results -- Revenue down 6% from previous quarter

(PRNewswire) —

SAN JOSE, Calif., Jan. 17, 2013 /PRNewswire-FirstCall/ -- Xilinx, Inc. (Nasdaq: XLNX) today announced third quarter fiscal 2013 sales of $509.8 million, down 6% sequentially and flat from the third quarter of the prior fiscal year.  Third quarter fiscal 2013 net income was $103.6 million, or $0.38 per diluted share. 

The Xilinx Board of Directors announced a quarterly cash dividend of $0.22 per outstanding share of common stock, payable on February 27, 2013 to all stockholders of record at the close of business on February 6, 2013.

Additional third quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)


Growth Rates


Q3

FY 2013

Q2

FY 2013

Q3

FY 2012


 

Q-T-Q

 

Y-T-Y

Net revenues

$509.8

$543.9

$511.1


-6%

0%

Operating income

$120.8

$148.1

$137.1


-18%

-12%

Net income

$103.6

$123.4

$127.0


-16%

-18%

Diluted earnings per share

$0.38

$0.46

$0.47


-17%

-19%

 

"New Product sales increased 17% sequentially in the December quarter, driven by robust adoption of Kintex™-7 and Virtex®-6 FPGAs.  Strength from New Products is an encouraging sign in the face of macroeconomic conditions that remained challenging during the quarter," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "Exiting calendar 2012, I believe we have the strongest product portfolio in our history, a generation ahead of the competition.  Our 28-nm products have gained significant momentum across a broad base of applications with clear leadership in performance, power and integration.   Sales from these product families increased nearly 20% sequentially in the December quarter, exceeding expectations."

Net Revenues by Geography:

 


Percentages


Growth Rates


Q3

FY 2013

Q2

FY 2013

Q3

FY 2012


 

Q-T-Q

 

Y-T-Y

North America

32%

28%

32%


6%

0%

Asia Pacific

34%

36%

35%


-11%

-3%

Europe

24%

26%

23%


-15%

1%

Japan

10%

10%

10%


-4%

5%


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