Xilinx announces record 2011 results, Q4 sales up 4% sequentially
Xilinx has announced record 2011 sales of $2.37billion, up 29% from the prior fiscal year. The programmable logic vendor said net income increased by 80% to $641.9million, or $2.39 per diluted share, versus 2010 net income of $357.5m or $1.29 per diluted share.
Q4 sales were $587.9m, up 4% sequentially and up 11% from the fourth quarter on the previous year. Fourth quarter net income was $160.1m, or $0.59 per diluted share.
Moshe Gavrielov (pictured), Xilinx president and ceo, said: "I am very pleased with our fiscal 2011 results. Record sales and continued fiscal discipline contributed to significant improvements in our profitability. Gross and operating margins were a record 65.4% and 33.6%, respectively, in 2011. This is up from 63.4% and 23.6%, respectively, in the prior fiscal year.
Gavrielov maintained the company will continue to demonstrate clear 28nm technology leadership with its product strategy. "We have already taped out three 28nm fpgas thus far and we continue to expect the product rollout at this technology node to be the fastest in our history," he concluded.
