Xylan conf. call (post 1)
Dale Bartos, CFO: Kim and Doug Hill VP Mktg with him.
Steve Kim: Briefly summarize numbers, and offer insights on business. Then, detailed financials, Hill will follow with customer wins, etc.
Very delighted with Sept. quarter. Another excellent quarter. Increased revs. to 91.1MM, sequential 9%, 70& y-t-y. Outgrowing rest of indus. Strong growth in NA, 26% seq. Europe down 16% seq. due to ALA and seasonality. Latin Am. down seq. due to lower revs. from OEMs. Strong growth in direct and VAR revs, 25% seq. now represent 68% of overall sales.
Strong growth in Omnistack, 100% sequentially. 56.7% margin, similar to last quarter. Expenses flat, at 40.7% of revs. Operating profit 16.1%, compared to 16.3% prior quarter.
As a result, EPS were 22, compared to 20 in June.
Business in NA is most critical component, as xylan makes transit to major company. Let me emph. this number. NA business grew 26% seq. |
