(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)
The Xilinx Board of Directors declared a quarterly cash dividend of $0.14 per outstanding share of common stock, payable on August 26, 2009 to all stockholders of record at the close of business on August 5, 2009.
Additional first quarter comparisons are represented in the charts below:
GAAP Results
(In millions, except EPS)
Growth Rates
Q1 Q4 Q1
FY 2010 FY 2009(1) FY 2009(1) Q-T-Q Y-T-Y
------- --------- --------- ----- -----
Net revenues $376.2 $395.0 $488.2 -5% -23%
Operating income $57.4 $78.3 $107.0 -27% -46%
Net income $38.0 $69.6 $86.3 -45% -56%
Diluted earnings per
share $0.14 $0.25 $0.31 -44% -55%
(1) As adjusted due to the adoption of FSP APB 14-1 "Accounting for
Convertible Debt Instruments That May Be Settled in Cash upon
Conversion (Including Partial Cash Settlement)"
"Sales growth was impacted in the June quarter by supply constraints primarily relating to certain Virtex(R)-5 devices in high demand," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "We reduced SG&A and R&D expenses by more than 5% sequentially and generated $128 million of operating cash flow. At the same time, we remain committed to our ongoing investment in next generation FPGA development, which we expect to drive future growth opportunities."
During the June quarter, sales from Asia Pacific increased 2% sequentially to represent a record 37% of total sales. This was up from 35% of sales in the prior quarter, and up from 32% of total sales in the same quarter a year ago. Sales from all other geographies declined sequentially during the quarter.
Net Revenues by Geography:
Percentages Growth Rates
Q1 Q4 Q1
FY 2010 FY 2009 FY 2009 Q-T-Q Y-T-Y
------- ------- ------- ----- -----
North America 35% 35% 35% -6% -25%
Asia Pacific 37% 35% 32% 2% -10%
Europe 20% 22% 23% -13% -32%
Japan 8% 8% 10% -4% -36%
Net Revenues by End Market:
Percentages Growth Rates
Q1 Q4 Q1
FY 2010 FY 2009 FY 2009 Q-T-Q Y-T-Y
------- ------- ------- ----- -----
Communications 49% 47% 42% -2% -10%
Industrial & Other 31% 32% 33% -6% -28%
Consumer &
Automotive 14% 14% 16% -5% -35%
Data Processing 6% 7% 9% -19% -44%
Net Revenues by Product:
Note: The product categories represented below have been modified to make
categories more meaningful given new product introductions and maturing of
products. For comparative purposes, we have provided supplemental
information on our website at www.investor.xilinx.com that presents
results based on previous category classifications.
Percentages Growth Rates
Q1 Q4 Q1
FY 2010 FY 2009 FY 2009 Q-T-Q Y-T-Y
------- ------- ------- ----- -----
New 25% 23% 12% 3% 60%
Mainstream 36% 36% 39% -6% -30%
Base 34% 36% 43% -8% -39%
Support 5% 5% 6% -6% -28%
Products are classified as follows:
New Products: Virtex-6, Virtex-5, Spartan(R)-6, Spartan-3A and Spartan-3E
product families
Mainstream Products: Virtex-4, Spartan-3, Spartan-II and CoolRunner(TM)-II
product families
Base Products: Virtex, Virtex-E, Virtex-II, Spartan, XC4000, CoolRunner
and XC9500 product families
Support Products: Configuration products, HardWire, Software &
Support/Services
