Xilinx Earnings: Programmed Higher Profits
S&P 500 (NYSE:SPY) component Xilinx, Inc. (NASDAQ:XLNX) reported a profit boost in the fourth quarter. Xilinx, Inc. designs, develops and markets programmable platforms and predefined system functions delivered as intellectual property cores.
Xilinx Earnings Cheat Sheet for the Fourth Quarter
Results: Net income for the semiconductor company rose to $160.1 million (59 cents/share) vs. $148.5 million (54 cents/share) in the same quarter a year earlier. A rise of 7.8% from the year earlier quarter.
Actual vs. Wall St. Expectations: Estimates, which often factor in adjustments, ranged from 49 cents/share to 55 cents/share with a mean of 52 cents/share.
Revenue: Rose 11% to $587.9 million YoY.
Quoting Management: “I am very pleased with our fiscal 2011 results. Record sales and continued fiscal discipline contributed to significant improvements in our profitability,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “In fiscal 2012, we will continue to demonstrate clear 28-nm technology leadership with our game changing product strategy.”
The company has now seen net income rise in three-straight quarters. In the third quarter, net income rose 42.5% and in the second quarter, the figure rose more than twofold.
Competitors to Watch: Altera Corporation (NASDAQ:ALTR), Lattice Semiconductor (NASDAQ:LSCC), QuickLogic Corporation (NASDAQ:QUIK), Cypress Semicond. Corp. (NASDAQ:CY), Microsemi Corporation (NASDAQ:MSCC), Atmel Corporation (NASDAQ:ATML), ON Semiconductor Corp. (NASDAQ:ONNN), Sajan, Inc. (SAJA), Texas Instruments Inc. (NYSE:TXN), and TranSwitch Corporation (NASDAQ:TXCC).
Today’s Performance: Shares of XLNX are up 1.6% in after hours trading.