Xilinx Announces Q1 Fiscal 2015 Results; EPS $0.62

SAN JOSE, Calif., July 22, 2014 — (PRNewswire) —  Xilinx, Inc. (Nasdaq: XLNX) today announced first quarter fiscal 2015 sales of $613 million, down 1% from the prior quarter and up 6% from the same quarter of the prior fiscal year.  First quarter fiscal 2015 net income was $174 million or $0.62 per diluted share.

Logo - http://photos.prnewswire.com/prnh/20020822/XLNXLOGO

The Xilinx Board of Directors announced a quarterly cash dividend of $0.29 per outstanding share of common stock, payable on August 27, 2014 to all stockholders of record at the close of business on August 6, 2014.

Additional first quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)











Growth Rates


Q1

FY 2015

Q4

FY 2014

Q1

FY 2014


Q-T-Q

Y-T-Y

Net revenues

$612.6

$617.8

$579.0


-1%

6%

Operating income

$206.5

$189.5

$192.9


9%

7%

Net income

$173.6

$156.0

$157.0


11%

11%

Diluted earnings per share

$0.62

$0.53

$0.56


17%

11%

 

"June quarter revenues were impacted by weaker than anticipated sales from our defense and wireless businesses," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "However, I am pleased by our continued focus on supply chain efficiencies and cost reduction efforts, which resulted in gross and operating margins of 69.1% and 33.7%, respectively.  Looking ahead to the second half of our fiscal year, I believe Xilinx is positioned to benefit from a recovery in wireless and defense programs as well as improved business conditions in wired communications and industrial applications." 

Net Revenues by Geography:







Percentages


Growth Rates


Q1

FY 2015

Q4

FY 2014

Q1

FY 2014


Q-T-Q

Y-T-Y

North America

26%

27%

31%


-4%

-12%

Asia Pacific

43%

43%

36%


-2%

26%

Europe

21%

21%

24%


1%

-7%

Japan

10%

9%

9%


9%

21%


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