Xilinx Announces 2014 Fiscal Q1 Results; Sales Increase 9% Sequentially

SAN JOSE, Calif., July 17, 2013 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX) today announced first quarter fiscal 2014 sales of $579 million, up 9% from the prior quarter and down 1% from the same quarter of the prior fiscal year.  First quarter fiscal 2014 net income was $157 million or $0.56 per diluted share.  

(Logo: http://photos.prnewswire.com/prnh/20020822/XLNXLOGO)

The Xilinx Board of Directors announced a quarterly cash dividend of $0.25 per outstanding share of common stock, payable on August 28, 2013 to all stockholders of record at the close of business on August 7, 2013.

Additional first quarter comparisons are represented in the charts below:                      

GAAP Results

(In millions, except EPS)


Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

Net revenues

$579.0

$532.2

$582.8


9%

-1%

Operating income

$192.9

$147.2

$164.6


31%

17%

Net income

$157.0

$130.6

$129.8


20%

21%

Diluted earnings per share

$0.56

$0.47

$0.47


19%

19%

 

"The June quarter was exceptional on many fronts.  Better than expected sales during the quarter were driven by broad-based end market strength, with particularly strong growth from wired communications and aerospace and defense applications. Gross margin was 69% in the quarter, up from 66% in prior quarter, and a new record for the Company.  Operating margin of 33% was up from 28% in the prior quarter and a direct result of improved gross margin and continued spending discipline," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "Sales of our 28-nm products exceeded $50 million during the quarter, once again surpassing our expectations with strong growth from all five products.  With the first 20-nm product in the semiconductor industry recently taped out by the Company, I am confident that Xilinx will continue to drive market expansion opportunities and augment our PLD leadership." 

Net Revenues by Geography:






Percentages


Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

North America

31%

31%

30%


9%

6%

Asia Pacific

36%

34%

35%


15%

2%

Europe

24%

26%

26%


1%

-9%

Japan

9%

9%

9%


5%

-7%

 

Net Revenues by End Market:









Percentages


 Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

Communications & Data Center

44%

44%

45%


8%

-2%

Industrial, Aerospace & Defense

37%

37%

34%


10%

9%

Broadcast, Consumer & Automotive

16%

17%

16%


4%

-5%

Other

3%

2%

5%


27%

-40%

 

Net Revenues by Product:









Percentages


Growth Rates


Q1

FY 2014

Q4

FY 2013

Q1

FY 2013


 

Q-T-Q

 

Y-T-Y

New

30%

27%

17%


24%

75%

Mainstream

36%

41%

43%


-3%

-17%

Base

30%

28%

36%


14%

-17%

Support

4%

4%

4%


0%

-5%

 

Products are classified as follows:

New products: Virtex® 7, Kintex™ 7, Artix™-7, Zynq™-7000, Virtex 6, Spartan™ 6 products

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