Thursday, October 16, 2014

Xilinx Posts Flat Quarterly Sales but Profitability Exceeds Guidance

Xilinx posted second quarter fiscal 2015 sales of $604 million, down 1% from the prior quarter and up 1% from the same quarter of the prior fiscal year.  Second quarter fiscal 2015 net income was $172 million or $0.62 per diluted share.

"September quarter sales were in line with our guidance, but our profitability surpassed our expectations.  Operating margin was 33% in the September quarter, up from 27% in the same quarter a year ago," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "For the December quarter, we are forecasting a strong recovery in 28nm sales driven by a broad base of applications.  We continue to target approximately $600 million in 28nm sales for fiscal year 2015, up nearly 60% from the prior fiscal year."

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