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Xilinx Posts Year-End Results

SAN JOSE, Calif. -- Xilinx, Inc. (Nasdaq: XLNX - news) today announced record sales, pro-forma operating income and net income for fiscal 2001. Revenues per employee also increased to nearly $700,000, up from approximately $600,000 at the end of the prior fiscal year.

    Fiscal Year 2001
    (In millions, except per share EBG* amounts)
                                    FY 2001         FY 2000      % Change
    Revenues                       $1,659.4        $1,021.0           63%
    Operating income(EBG)             497.1           322.2           54%
    Net income(EBG)                   382.9           254.4           51%
    Diluted EPS (EBG)                 $1.08           $0.74           46%

Earnings before goodwill, amortization, acquisition-related costs and one-time charges

    Quarterly Information
    (In millions, except per share EBG* amounts)
                               Q4       Q3                  Q4
                            FY 2001  FY 2001  Q-Q Change  FY 2000  Y-Y Change
    Revenues                 $407.0   $450.1     -10%     $306.6      33%
    Operating income(EBG)      85.3    143.4     -41%      100.2     -15%
    Net income(EBG)            65.7    109.3     -40%       78.3     -16%
    Diluted EPS (EBG)         $0.19    $0.31     -39%      $0.22    - 14%

"It was a record year for Xilinx and the Programmable Logic Device (PLD) industry," said Wim Roelandts, Xilinx's president and chief executive officer. "The PLD segment of the overall logic industry grew from 13% in 1999 to 16% in 2000.(1) Additionally, Xilinx gained three percentage points within the PLD industry and is now the world's fifth largest supplier of ASICs with 7% share, up from 5% market share in calendar 1999.(2) From a product perspective, our flagship Virtex(TM) family continues to be the industry's fastest growing FPGA family and now represents over 40% of total Xilinx revenues. Fiscal 2001 revenues from this product family increased 320% from fiscal 2000. However, the March quarter was a difficult one for Xilinx. The general economic slowdown coupled with excess inventories resulted in a high level of cancellations during the quarter and Xilinx's first sequential revenue decline in nearly three years. In addition, gross margin declined to 52% due to a sizeable inventory write-down, which resulted from a sharp increase in inventory levels unsupported by customer demand and backlog. Despite these events, sales from both the Virtex(TM)-E and Spartan(TM)-II FPGA families grew during the March quarter."

Xilinx Inc.
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