Xilinx revenues boosted 21pc

23 Apr 2004

Fabless chip maker Xilinx, which employs 400 people in west Dublin, has reported revenues of €1.4bn for its financial year, with a net income of US$303m, up 141pc on the previous financial year.

Revenues for the company’s fourth quarter were US$403.4m, up 32pc on the year, with a net income of US$130.9m, up 165pc on the previous year.

Xilinx, which has its European headquarters at CityWest in Dublin, designs and produces highly complex semiconductor chips capable of being programmed individually for use in a wide range of electronic systems. The company also develops and provides the software tools necessary to programme these chips, as well as presenting predefined system functions that customers load as software into Xilinx’s programmable logic devices.

Xilinx’s chairman and CEO Wim Roelandts commented: “The March quarter was an excellent quarter. For the second consecutive quarter, Xilinx revenues grew in double digits sequentially with increased sales from all geographies and product families.”

Roelandts said that new products continued to gain significant momentum in the marketplace during the March quarter, with sales increasing 24pc sequentially. This represented 36pc of total revenues, up from 23pc a year ago. The company’s high-end Virtex-II family of programmable microchips or FPGAs (Field Programmable Gate Arrays), increased their sales by nearly 25pc sequentially. Virtex-II-Pro sales, the advanced product used mainly by chip designers and developers, more than doubled in the quarter.

Additionally, sales of Xilinx’s Spartan-3 devices, which are used mainly in high volume, consumer orientated applications, approached US$2m during the quarter, exceeding expectations.

By John Kennedy