Xilinx Announces Fiscal 2009 Results

Highlights -Fiscal 2009

    --  During the March quarter, Xilinx began shipments of its
        industry-leading, next generation Virtex-6 and Spartan-6 FPGA families
        of products.  Both product families offer significant competitive
        advantages in areas such as performance, power, capacity, DSP bandwidth,
        memory and I/O performance.  Currently, over 700 customers representing
        approximately 1,000 projects are engaged with the Virtex-6 and Spartan-6
        FPGA Early Access program. Xilinx remains the only PLD company currently
        shipping a 45-nm, high-volume FPGA product.
    --  Sales from the Virtex-5 family increased throughout fiscal 2009 in spite
        of the economic downturn.   Exiting fiscal 2009, Virtex-5 sales
        represented 17% of total sales in the fourth quarter, up from 7% in the
        same quarter of the prior fiscal year.  Virtex-5 FPGAs are finding
        traction in a variety of applications including next generation wireless
        base stations, cable infrastructure to support "on demand"
        usage, communications test equipment, and even electronic gaming
        equipment.
    --  Xilinx continues to have one of the most stable and resilient business
        models in the technology industry in terms of cash flow generation and
        commitment to shareholder return.  In fiscal 2009, Xilinx generated
        $442.5 million in operating cash flow, paid $193.2 million in cash to
        repurchase $310.4 million (principal amount) of our convertible
        debentures, paid $154.5 million in cash dividends and repurchased $275.0
        million of common stock.  Xilinx currently has among the highest
        dividend yields in the technology industry.

    Key Statistics:
    (Dollars in millions)

                                           Q4             Q3            Q4
                                        FY 2009        FY 2009       FY 2008
                                        -------        -------       -------

     Annual Return on Equity (%)*          22            24            22

     Operating Cash Flow                  $61          $128          $102

     Depreciation Expense                 $13           $13           $14
     Capital Expenditures                  $6           $11            $6

     Combined Inventory Days               90            99            92

      Revenue Turns (%)                    66            54            60

    *Return on equity calculation: Annualized net income/average stockholders'
      equity

Business Outlook - June Quarter Fiscal 2010

    --  Sales are expected to be up 4% to down 4% sequentially.
    --  Gross margin is expected to be in the range of 61% to 63%.
    --  Operating expenses are expected to be approximately $173 million to $175
        million including $11 million to $13 million in charges relating to
        restructuring activity announced on April 15, 2009.
    --  Interest and other is expected to be a net expense of approximately $3
        million.
    --  Fully diluted share count is expected to be approximately flat with the
        prior quarter.
    --  June quarter tax rate is expected to be approximately 21%.

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the quarter's results and management's outlook for the June quarter. The webcast and subsequent replay will be available in the investor relations section of the company's web site at www.investor.xilinx.com. A telephonic replay of the call may be accessed later in the day by calling (800) 642-1687 and referencing confirmation code 92495581. The telephonic replay will be available for two weeks following the live call. The Company does not plan to provide a scheduled business update during the June quarter.

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," "may," "will," "could," "believe," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar words. 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 the general health of global economies as well as of the semiconductor industry, the health of our end markets and our customers' customers, our ability to forecast end customer demand, customer acceptance of our new products, the ability of the Company to generate cost and operating expense savings in an efficient and timely fashion, the ability of our customers to manage their inventories, 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 Forms 10-K and 10-Q.

About Xilinx

Xilinx, Inc. (NASDAQ: XLNX) is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available at http://www.xilinx.com.

Xilinx, the Xilinx logo, Virtex, Spartan, ISE, and other brands designated herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.

Featured Video
Editorial
Jobs
Equipment Engineer, Raxium for Google at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Upcoming Events
FABTECH Orlando 2024 at Orange County Convention Center Orlando FL - Oct 15 - 17, 2024
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise