Xilinx posts record sales of $513 million

SAN JOSE, USA: Xilinx Inc. has announced record third quarter fiscal 2010 sales of $513.3 million, up 24 percent sequentially and up 12 percent from the third quarter of the prior fiscal year.

The Third quarter net income was $106.9 million, or $0.38 per diluted share, including previously announced restructuring charges totaling $5.5 million, or approximately $0.02 per diluted share. On a year over year basis, third quarter net income and diluted earnings per share declined because in the third quarter of fiscal 2009 there was a $58.3 million pre-tax gain from the early extinguishment of convertible debentures, partially offset by a $19.5 million pre-tax impairment charge on investments.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.16 per outstanding share of common stock, payable on March 3, 2010 to all stockholders of record at the close of business on February 10, 2010.

Record sales were driven by strength from all end markets and geographic regions. New Product sales increased 32 percent sequentially during the quarter due primarily to strong growth from the Virtex-5 and Spartan-3 FPGA families.

"It was a record-setting quarter for Xilinx," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "In addition to record total sales, Xilinx's Virtex-5 family comfortably surpassed $100 million in quarterly sales—more than any other FPGA product in history. Sales strength from this family was driven by Communications, Industrial and Other and Data Processing. Based on new design win activity, I am confident about the prospects for continued sales growth from the Virtex-5 family."