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The Xilinx Board of Directors announced a quarterly cash dividend of
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 |
|
|
|
9% |
-1% |
|
Operating income |
|
|
|
31% |
17% |
|
Net income |
|
|
|
20% |
21% |
|
Diluted earnings per share |
|
|
|
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
Net Revenues by Geography: |
||||||
Percentages |
Growth Rates |
|||||
Q1 FY 2014 |
Q4 FY 2013 |
Q1 FY 2013 |
Q-T-Q |
Y-T-Y |
||
|
31% |
31% |
30% |
9% |
6% |
|
|
36% |
34% |
35% |
15% |
2% |
|
|
24% |
26% |
26% |
1% |
-9% |
|
|
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 |
||
|
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
Mainstream products: Virtex-5, Spartan-3 and CoolRunner™-II products
Base products: Virtex-4, Virtex-II, Virtex-E, Virtex, Spartan-II, Spartan, CoolRunner and XC9500 products
Support products: Configuration solutions, HardWire, Software & Support/Services
Key Statistics: (Dollars in millions) |
|||
Q1 FY 2014 |
Q4 FY 2013 |
Q1 FY 2013 |
|
Annual Return on Equity (%)* |
21 |
17 |
19 |
Operating |
|
|
|
Depreciation Expense |
|
|
|
Capital Expenditures |
|
|
|
Combined Inventory Days |
105 |
110 |
99 |
Revenue Turns (%) |
56 |
58 |
55 |
*Return on equity calculation: Annualized net income/average equities, including temporary equity |
Highlights — June Quarter Fiscal 2014
Business Outlook — September Quarter Fiscal 2014
Conference Call
A conference call will be held today at
This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as "expect," "believe," "may," "will," "could," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar expressions. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Such forward looking statements include, but are not limited to, statements related to the semiconductor market, the growth and acceptance of our products, expected revenue growth, the demand and growth in the markets we serve, opportunity for expansion into new markets, and our expectations regarding our business outlook for the September quarter of fiscal 2014. Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. We undertake no obligation to update such forward-looking statements. Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including customer acceptance of our new products, current global economic conditions, the health of our customers and the end markets in which they participate, our ability to forecast end customer demand, a high dependence on turns business, more customer volume discounts than expected, greater product mix changes than anticipated, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, our ability to successfully manage production at multiple foundries, variability in wafer pricing, and other risk factors listed in our most recent Form 10-K.
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