UPDATE - Xilinx raises Dec-qtr revenue outlook
Tuesday December 2, 6:00 pm ET
(Updates with background, analyst comment share price)
SAN FRANCISCO, Dec 2 (Reuters) - Programmable microchip maker Xilinx Inc. (NasdaqNM:XLNX - News) on Tuesday raised its revenue outlook for the current quarter ending in December, citing broad strength in all its end markets and geographies.
Xilinx said it expects revenue in its fiscal third quarter to rise 6 percent to 9 percent from the previous quarter.
Xilinx, whose rivals include Actel Corp. (NasdaqNM:ACTL - News), Altera Corp. (NasdaqNM:ALTR - News) and Lattice Semiconductor Corp. (NasdaqNM:LSCC - News), in October had said it expected third-quarter revenue to rise about 4 percent from its September-ended second quarter.
San Jose, California-based Xilinx said it still expected its gross profit margin to be 62 percent in its December-ending quarter.
"They're seeing a pick-up in the storage area, in wireless base stations and also in the area of enterprise networking. Also, Japan came back for them this quarter," said David Wu, an analyst with Wedbush Morgan Securities.
Shares in Xilinx rose to $37.27 in after-market trade from their close at $37.06 on Nasdaq. (Additional reporting by Jim Christie in San Francisco) |
