Programmable technologies company Xilinx reported an “exceptional” quarter in which its gross margin was 69%, a new record for the company.
About 44% of Xilinx’ revenues come from communications and data center products, with another 37% from industrial, aerospace and defense markets. Communications revenues were down 2% year-over-year, while Xilinx’s industrial, aerospace and defense revenues increased 9% from the same period last year.
Xilinx reported net revenues for the quarter of $579 million, up 9% sequentially and down 1% year-over-year. Operating income was up 17% year-over-year to $192.9 million, and the company’s net income jumped 21% year-over-year and 20% from its fourth quarter, to $157 million.
Xilinx President and CEO Moshe Gavrielov told investors in a statement that the June quarter was “exceptional on many fronts. Better than expected sales during the quarter were driven by broad-based end market strength, with particularly strong growth from wired communications and aerospace and defense applications.”
He added that sales of the company’s 28-nm products exceeded $50 million during the quarter.
The company said it expects sales for its September quarter of its fiscal 2014 to be in the range of flat to up 3%.
