Anyone notice Xylan's earnings report?
Thursday January 21, 10:38 pm Eastern Time
Xylan Corp Q4 full results
CALABASAS, Calif., Jan. 21 (Reuters) -
XYLAN CORP. AND SUBSIDIARIES
CONSOLIDATED CONDENSED INCOME STATEMENTS
(in thousands, except per share data)
Three Months Ended Year Ended
Dec. 31 Dec. 31,
1998 1997 1998 1997
(Unaudited)
Revenue $97,399 $64,202 $347,580 $210,849
Cost of revenue 42,362 27,915 150,567 92,551
Gross profit 55,037 36,287 197,013 118,298
Operating expenses:
Research and development
11,820 7,512 41,342 25,875
Sales and marketing 25,420 18,122 91,081 60,356
General and administrative
2,605 2,044 9,580 7,013
Total operating expenses 39,845 27,678 142,003 93,244
Operating income 15,192 8,609 55,010 25,054
Interest income, net 1,139 1,504 5,183 6,694
Income before income taxes
16,331 10,113 60,193 31,748
Income tax expense /a 5,363 3,551 20,800 7,621
Net income 10,968 6,562 39,393 24,127
Net income per share:
Basic 0.26 0.15 0.92 0.57
Diluted 0.23 0.14 0.83 0.52
Shares used in per share calculation:
Basic 42,228 42,945 42,840 42,550
Diluted 46,990 47,115 47,485 46,796
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