SAN JOSE, Calif. — Xilinx, Inc. (Nasdaq: XLNX) today announced record fiscal 2011 sales of $2.37 billion, up 29% from the prior fiscal year. Fiscal 2011 net income increased 80% to of $641.9 million, or $2.39 per diluted share, versus fiscal 2010 net income of $357.5 million or $1.29 per diluted share.
Fourth quarter fiscal 2011 sales were $587.9 million, up 4% sequentially and up 11% from the fourth quarter of the prior fiscal year. Fourth quarter fiscal 2011 net income was $160.1 million, or $0.59 per diluted share.
“I am very pleased with our fiscal 2011 results. Record sales and continued fiscal discipline contributed to significant improvements in our profitability. Gross and operating margins were a record 65.4% and 33.6%, respectively, in fiscal 2011. This is up from 63.4% and 23.6%, respectively, in the prior fiscal year,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “In fiscal 2012, we will continue to demonstrate clear 28-nm technology leadership with our game changing product strategy. Xilinx was the first PLD company to tape out 28-nm product, the first to deliver 28-nm silicon to customers, and the first and only company to demonstrate working 28-nm silicon at the recent NAB Conference and Globalpress Electronics Summit. We have already taped out three 28-nm FPGAs thus far and we continue to expect the product rollout at this technology node to be the fastest in our history.”
Product and Financial Highlights – Fiscal 2011