Xilinx Sales Up 10% Sequentially; Quarterly Dividend Increased $0.02 Per Share

SAN JOSE, Calif., Oct. 14 /PRNewswire-FirstCall/ -- Xilinx, Inc. (NASDAQ: XLNX) today announced second quarter fiscal 2010 sales of $415.0 million, up 10% sequentially and down 14% from the second quarter of the prior fiscal year. Second quarter net income was $64.0 million, or $0.23 per diluted share, including previously announced restructuring charges totaling $5.9 million, or approximately $0.02 per diluted share.

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

The Xilinx Board of Directors announced a $0.02 increase in the quarterly cash dividend to $0.16 per outstanding share of common stock, payable on November 24, 2009 to all stockholders of record at the close of business on November 4, 2009.

Additional second quarter comparisons are represented in the charts below:

    GAAP Results
    (In millions, except EPS)
                                                             Growth Rates
                            Q2        Q1          Q2
                         FY 2010   FY 2010     FY 2009(1)    Q-T-Q    Y-T-Y
                         -------   -------     ----------    -----    -----
    Net revenues          $415.0    $376.2      $483.5         10%     -14%
    Operating income       $82.1     $57.4      $124.6         43%     -34%
    Net income             $64.0     $38.0       $81.1         68%     -21%
    Diluted earnings
     per share             $0.23     $0.14       $0.29         64%     -21%

    (1) As adjusted due to the retrospective adoption of the accounting
        standard for convertible debentures in the first quarter of fiscal
        2010.

Sales growth in the September quarter was driven by strength from all end markets and geographic regions. New Product sales increased 36% sequentially during the quarter due primarily to strong growth from the Virtex(R)-5 and Spartan(R)-3 FPGA families.

"I am encouraged by the broad-based recovery in our business," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "Strong sales growth coupled with continued operating expense control contributed to a significant improvement in operating margin. September quarter operating margin was 20%, up from 15% in the prior quarter."

    Net Revenues by Geography:
                             Percentages             Growth Rates
                       Q2         Q1        Q2
                    FY 2010    FY 2010    FY 2009    Q-T-Q    Y-T-Y
                    -------    -------    -------    -----    -----
    North America        35%        35%        34%      12%    -10%
    Asia Pacific         35%        37%        32%       3%     -8%
    Europe               21%        20%        23%      15%    -23%
    Japan                 9%         8%        11%      26%    -23%



    Net Revenues by End Market:
                             Percentages         Growth Rates
                          Q2        Q1      Q2
                       FY 2010   FY 2010  FY 2009 Q-T-Q  Y-T-Y
                       -------   -------  ------- -----  -----
    Communications          46%       49%      43%    4%    -8%
    Industrial & Other      31%       31%      32%    9%   -17%
    Consumer &
     Automotive             16%       14%      17%   27%   -22%
    Data Processing          7%        6%       8%   31%   -20%



    Net Revenues by Product:
                        Percentages              Growth Rates
                  Q2         Q1        Q2
               FY 2010    FY 2010    FY 2009    Q-T-Q     Y-T-Y
               -------    -------    -------    -----     -----
    New                     31%                25%                16%            36%              63%
        Mainstream            33%                36%                37%              4%            -22%
        Base                        31%                34%                42%            -1%            -37%
        Support                    5%                  5%                  5%              2%            -23%

        Products  are  classified  as  follows:

        New  Products:  Virtex-6,  Virtex-5,  Spartan-6,  Spartan-3A  and  Spartan-3E
        product  families
        Mainstream  Products:  Virtex-4,  Spartan-3,  Spartan-II  and  CoolRunner(TM)-II
        product  families
        Base  Products:  Virtex,  Virtex-E,  Virtex-II,  Spartan,  XC4000,  CoolRunner
        and  XC9500  product  families
        Support  Products:  Configuration  products,  HardWire,  Software  &
        Support/Services



        Key  Statistics:
        (Dollars  in  millions)

                                                                              Q2                        Q1                          Q2
                                                                        FY  2010                FY  2010                FY  2009
                                                                        -------                -------                -------

          Annual  Return  on  Equity  (%)*                10                            8                          17

          Operating  Cash  Flow                              $118                      $147                        $95

          Depreciation  Expense                              $12                        $13                        $13

          Capital  Expenditures                                $4                          $5                        $12

          Combined  Inventory  Days                          75                          78                          93

          Revenue  Turns  (%)                                      57                          57                          59

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


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