GPS completes fab which quadruples CMOS output

Sales of new products drove revenues way up at programmable logic company Xilinx.

The San Jose-based company reported Q4 revenues of $403.4m, up ten per cent sequentially and 32 per cent year-over-year.

Net income rose to $130.9m, up 165 per cent from the same quarter a year ago. The results included the benefit of a tax settlement and a charge related to an acquisition. Xilinx’s rival Altera announced a 95 per cent rise in net income earlier this week.

The March quarter was an excellent quarter, said Wim Roelandts, chairman and CEO. For the second consecutive quarter, Xilinx revenues grew double digits sequentially with increased sales from all geographies and product families.

New products sales increased 24 per cent sequentially and represented 36 per cent of total revenues, up from 23 per cent a year ago.

For the year, Xilinx brought in revenues of $1.40bn, a 21 per cent increase from the previous fiscal year. Net income for financial 2004 rose to $303.0m, up 141 per cent from the previous year.

Xilinx is projecting that revenues for its Q1, the June quarter, will increase by between five per cent and eight per cent sequentially.

is Electronics Weekly’s affiliated US site.

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