Xilinx announces record Q4 sales of $529 million

SAN JOSE, USA: Xilinx Inc. has announced fiscal 2010 sales of $1.83 billion, essentially flat with sales from the prior fiscal year.

Fiscal 2010 net income decreased 1% to $357.5 million, or $1.29 per diluted share, versus fiscal 2009 net income of $361.7 million, or $1.31 per diluted share. Fiscal 2009 net income included a $75 million pre-tax gain, or $0.21 per diluted share, on the extinguishment of convertible debt.

Fourth quarter fiscal 2010 sales were $529 million, up 3 percent sequentially and up 34 percent from the fourth quarter of the prior fiscal year. Fourth quarter fiscal 2010 net income was $148.5 million, or $0.54 per diluted share, including previously announced pre-tax restructuring charges totaling $2.8 million, or $0.01 per diluted share.

Included in the fourth quarter net income was a tax benefit of $23.2 million, or $0.08 per diluted share, primarily related to the impact of our recent favorable ruling in the Ninth Circuit Court.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.16 per outstanding share of common stock, payable on June 9, 2010 to all stockholders of record at the close of business on May 19, 2010.