Xilinx has 20% hike in revenues
EBN
(04/18/02 16:45 p.m. EST)
siliconstrategies.com
Xilinx, Inc., San Jose, today announced net income for the fourth quarter of fiscal 2002 of $34.3 million, or 10 cents per diluted share.
Revenues for the quarter were $273.5 million, up from $221.8 million for the prior quarter but down from the $407 million reported for the fiscal fourth quarter of last year.
On a pro forma basis, net income was $43.4 million, or 12 cents per share, compared to $23.5 million, or 7 cents a share, for the prior quarter, and $65.7 million or 19 cents a share for the fourth quarter a year earlier.
"During the March quarter, Xilinx revenues increased 20% sequentially, making it the second fastest quarterly growth in company history," the company said. "While someof the growth can be attributed to inventory replenishment, a significant portion is due to the success of our new products."
For the current quarter, revenues are expected to be up 6-8% sequentially; gross margin is expected to be 57-58%, approximately flat with the March quarter; and combined operating expenses are expected to grow approximately 6% sequentially. |
