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Xilinx posts strong full year sales

Thursday, April 24 13:51:37

Xilinx, the global tech group that employs 300 at its EMEA headquarters in Dublin, today announced fiscal 2014 sales of $2.38 billion, up 10pc from the same period a year ago.

Its 2014 net income increased 29pc to $630 million, or $2.19 per diluted share, versus fiscal 2013 net income of $488 million or $1.79 per diluted share.

The group's Dublin EMEA headquarters operates a research, development, engineering and IT centre along with centralised supply, finance, legal and HR functions.

Fourth quarter fiscal 2014 sales were $618 million, up 5pc sequentially and up 16pc from the fourth quarter of the prior fiscal year. Fourth quarter fiscal 2014 net income was $156 million, or $0.53 per diluted share, including a $10 million loss, or $0.03 per diluted share, associated with the recent redemption of convertible notes.

"The tremendous success of our 28nm product portfolio has contributed to Xilinx PLD segment share gains for the third consecutive fiscal year," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.

"With March quarter sales exceeding $140 million, we have established an estimated 70pc market segment share at 28nm for all of fiscal 2014, with leadership across all product families and broad adoption of our Vivado Design Suite and UltraFast Design Methodology. Our proven formula for success is already bearing fruit at 20nm with the UltraScale family, which includes the PLD industry's only high-end product."