- Record sales of $488.2 million in fiscal Q1 - Gross margin of 63.8% - Industrial and Other sales reach record level
(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)
The Xilinx Board of Directors declared a quarterly cash dividend of $0.14 per outstanding share of common stock, payable on August 27, 2008 to all stockholders of record at the close of business on August 6, 2008.
Additional first quarter comparisons are represented in the charts below:
GAAP Results
(In millions, except EPS)
Growth Rates
Q1 FY 2009 Q4 FY 2008 Q1 FY 2008 Q-T-Q Y-T-Y
Net revenues $488.2 $475.8 $445.9 3% 9%
Operating income $107.0 $117.0 $97.5 -9% 10%
Net income $83.9 $96.5 $84.3 -13% 0%
Diluted earnings
per share $0.30 $0.34 $0.28 -12% 7%
Sales from New Products increased 15% sequentially in the June quarter representing 42% of total sales, up from 28% in the same quarter a year ago. Virtex(R)-4 FPGA sales were particularly strong during the quarter driven by applications in the communications, defense and medical end markets.
Sales from the Asia Pacific region increased 15% sequentially in the June quarter reaching a record 32% of total sales, up from 29% in the same quarter a year ago. Strong sales growth was driven primarily by communications customers within the region as well as US-based communications customers with manufacturing operations in Asia Pacific.
"We reported a solid quarter in spite of macroeconomic headwinds," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "In addition to achieving record sales in the June quarter, our gross margin continued to improve due to disciplined efforts in the areas of yield improvement and cost reduction. Gross margin in the June quarter was 63.8%, up from 63.4% in the prior quarter and up from 62.2% in the same quarter a year ago."
Net Revenues by Geography:
Percentages Growth Rates
Q1 Q4 Q1
FY 2009 FY 2008 FY 2008 Q-T-Q Y-T-Y
North America 35% 38% 39% -4% -1%
Asia Pacific 32% 28% 29% 15% 21%
Europe 23% 23% 22% 1% 14%
Japan 10% 11% 10% -3% 9%
Net Revenues by End Market:
Percentages Growth Rates
Q1 Q4 Q1
FY 2009 FY 2008 FY 2008 Q-T-Q Y-T-Y
Communications 42% 42% 45% 3% 2%
Industrial & Other 33% 33% 32% 5% 16%
Consumer & Automotive 16% 17% 15% -2% 13%
Data Processing 9% 8% 8% 3% 17%
Net Revenues by Product*:
Percentages Growth Rates
Q1 Q4 Q1
FY 2009 FY 2008 FY 2008 Q-T-Q Y-T-Y
New 42% 38% 28% 15% 64%
Mainstream 40% 42% 50% -2% -12%
Base 12% 14% 16% -14% -19%
Support 6% 6% 6% -5% 8%
*Products are classified as follows:
New Products: Virtex-5, Virtex-4, Spartan(R)-3, and CoolRunner(TM)-II
products
Mainstream Products: Virtex-II, Spartan-II, CoolRunner and Virtex-E
products
Base Products: Virtex, Spartan, XC4000 and XC9500 products
Support Products: Configuration solutions, HardWire, Software &
Support/Services
Highlights -- June Quarter Fiscal 2009
