Revenues expected to be at the high end of the guidance range of $285M to $295M; opens new European headquarters in Dublin

March 4, 2003

2 Min Read

SAN JOSE, Calif. -- Xilinx, Inc. (Nasdaq: XLNX - News) today released its business update for the March quarter of fiscal 2003.

  • Revenues expected to be at the high end of the guidance range of $285 - $295 million.

  • North American revenues expected to be flat sequentially.

  • Revenues from Europe and Asia Pacific expected to increase sequentially.

  • Revenues from Japan expected to decrease sequentially.

  • Gross margin target remains 59% - 60%.

  • Combined inventory levels at Xilinx and worldwide distribution expected to trend towards 130 days.

In a separate release: DUBLIN, Ireland -- Xilinx, Inc., (Nasdaq: XLNX - News) the world's leading provider of programmable IC and programmable system solutions, today designated Ireland as its European Headquarters as the company opened a new 52 million euro expansion to its advanced R&D, design and operations center in Dublin. Ms. Mary Harney, T.D., Deputy Prime Minister of Ireland, Minister of Enterprise, Trade & Employment, officially opened the new facility, together with the Xilinx president and chief executive officer, Wim Roelandts in Dublin today. Mr. Paul McCambridge, vice president and managing director of Xilinx Ireland confirmed that recruitment for the new roles has already started. "We have persevered with our strategic development plans in spite of difficult global market conditions," said Roelandts. "Further growth of our advanced center in Dublin will afford Xilinx major flexibility, capacity and presence throughout Europe as business conditions improve in the future. Our strategy will continue to focus on further investments in R&D, sophisticated new processes and highly skilled personnel." Xilinx also announced today plans to establish an international technical support center in Dublin. The move follows a decision to locate strategic marketing operations in Dublin, which will employ senior management executives in priority functions. Key European global account managers responsible for the complete customer relationship will also be based in Ireland. Dublin's role as the company's European data hub, servicing the information processing requirements of all major Xilinx operations in Europe, will also be further expanded. Xilinx Inc.

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