Thursday, October 27, 2016

Mellanox Posts Sales of $224 Million, up 4.4%

Mellanox Technologies reported Q3 2016 revenues of $224.2 million, up 4.4 percent compared to $214.8 million in the second quarter of 2016. GAAP net income was $12.0 million, compared to $4.7 million in the second quarter of 2016.

“We are pleased to report the sixth consecutive quarter of record revenue. We see strong customer adoption of our 25/50/100 Gigabit Ethernet solutions. We believe the transition to 25/50/100 Gigabit Ethernet provides Mellanox significant growth opportunities due to our first mover advantage. We saw strong sequential growth in our InfiniBand business, driven by continued adoption of our 100 Gigabit EDR solutions,” said Eyal Waldman, president and CEO of Mellanox Technologies. “Our third quarter results show continued leadership in both Ethernet and InfiniBand, and we expect growth to continue, driven by our interconnect and processor technologies.”