Xilinx Announces Fiscal 2009 Results

SAN JOSE, Calif., April 22 /PRNewswire-FirstCall/ -- Xilinx, Inc. (NASDAQ: XLNX) today announced fiscal 2009 sales of $1.83 billion, down 1% compared with $1.84 billion in fiscal 2008. Net income increased 0.4% to $375.6 million, or $1.36 per diluted share, in fiscal 2009 versus net income of $374.0 million, or $1.25 per diluted share, in the prior fiscal year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)

Fourth quarter sales were $395.0 million, down 14% sequentially and down 17% from the fourth quarter of the prior fiscal year. Fourth quarter net income was $70.5 million, or $0.26 per diluted share, including a $20.9 million pre-tax gain on the early extinguishment of convertible debentures and a $1.0 million pre-tax impairment charge on investments. Collectively, these income and expense items represented approximately $0.06 per diluted share after tax.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.14 per outstanding share of common stock, payable on June 3, 2009 to all stockholders of record at the close of business on May 13, 2009.

Additional fourth quarter comparisons are represented in the charts below:

    GAAP Results
    (In millions, except EPS)

                                                               Growth Rates
                          Q4 FY 2009  Q3 FY 2009 Q4 FY 2008   Q-T-Q   Y-T-Y
                          ----------  ---------- ----------   -----   -----
    Net revenues             $395.0     $458.4     $475.8     -14%     -17%
    Operating income          $78.3     $119.6     $117.0     -35%     -33%
    Net income                $70.5     $139.4      $96.5     -49%     -27%
    Diluted earnings per
     share                    $0.26      $0.51      $0.34     -49%     -24%

March quarter sales declined 14% sequentially with sales from all geographies and end markets declining as expected. Xilinx operating expenses declined 4% sequentially, which was more than expected as a result of continued expense controls.

"Current economic conditions remain challenging for the semiconductor industry and Xilinx is no exception," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "However, strong 65-nm design win activity coupled with increased participation in end markets such as next generation wireless communications and defense have enabled Xilinx to outperform the semiconductor industry throughout the recent economic downturn."

    Net Revenues by Geography:
                                Percentages            Growth Rates
                         Q4         Q3         Q4
                      FY 2009    FY 2009    FY 2008    Q-T-Q    Y-T-Y
                      -------    -------    -------    -----    -----
    North America        35%        34%        38%      -11%    -23%
    Asia Pacific         35%        33%        28%      -11%      1%
    Europe               22%        22%        23%      -12%    -21%
    Japan                 8%        11%        11%      -34%    -35%

    Net Revenues by End Market:
                                   Percentages        Growth Rates
                             Q4        Q3       Q4
                          FY 2009   FY 2009  FY 2008  Q-T-Q   Y-T-Y
                          -------   -------  -------  -----   -----
    Communications           47%      44%      42%     -7%     -6%
    Industrial & Other       32%      33%      33%    -18%    -20%
    Consumer &
     Automotive              14%      16%      17%    -27%    -33%
    Data Processing           7%       7%       8%     -5%    -29%

    Net Revenues by Product*:
                              Percentages              Growth Rates
                       Q4          Q3        Q4
                    FY 2009    FY 2009    FY 2008    Q-T-Q      Y-T-Y
                                        -------        -------        -------        -----          -----
        New                              52%                48%                38%              -6%                14%
        Mainstream                33%                36%                42%            -22%              -35%
        Base                            10%                11%                14%            -20%              -43%
        Support                        5%                  5%                  6%            -10%              -27%

        *Products  are  classified  as  follows:

        New  Products:  Virtex(R)-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
 


1 | 2 | 3  Next Page »



Review Article Be the first to review this article
SolidCAM: SolidCAM SEE IT LIVE

Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Blockchain For The Manufacturing Supply Chain
Jobs
Sr Mechanical Design Engineer for Medtronic at mounds view, MN
Mechanical Design Engineer 3 for KLA-Tencor at Milpitas, CA
System Designer/Engineer for Bluewater at Southfield, MI
Geospatial Analyst - Senior for BAE Systems Intelligence & Security at Springfield, VA
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Senior Structural Engineer for Wiss,Janney, Estner Assoicates, Inc at houston, TX
Upcoming Events
Formlabs LA 3D Printing Roadshow at Munky King Lost Angeles CA - Feb 8 - 9, 2018
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Tebis



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+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