Xilinx revenues up 7pc


18 Jan 200852 Views

Semi-conductor maker Xilinx, which employs 450 people in Dublin, has reported a 5pc year-on-year increase in third-quarter revenue of US$475.8m.

The company this morning reported a net profit of US$103.6m for the quarter, up 15pc on last year.

The Xilinx board declared a quarterly cash dividend of US$0.12 per share of common stock.

“We fired on all cylinders this quarter,” said Wim Roelandts, Xilinx chairman of the board.

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“Better than expected sales and gross margin resulted in an operating margin of over 24pc, the highest we have reported in nearly two years. New product sales increased 23pc sequentially in the quarter.

“This represented 35pc of total revenues in the December quarter, up from 30pc on the prior quarter and up from 26pc on the same quarter of the prior year. Inventory days remained lean at 91 days, the lowest level in four years,” Roelandts added.

By John Kennedy