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Xilinx Reports Q3

SAN JOSE, Calif. — Xilinx, Inc. (Nasdaq: XLNX) today announced third quarter fiscal 2011 sales of $567.2 million, down 8% sequentially and up 10% from the third quarter of the prior fiscal year. Third quarter fiscal 2011 net income was $152.3 million, or $0.58 per diluted share.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.16 per outstanding share of common stock, payable on March 2, 2011 to all stockholders of record at the close of business on February 9, 2011.

The sales decline during the quarter was driven primarily by weaker than anticipated wireless communications sales to customers in Europe and North America.

“While we did not achieve a fifth consecutive quarter of record sales, I am pleased with the Company's continued focus on cost reduction and financial discipline. This is reflected in gross margin and operating margin of 65.7% and 32%, respectively, in the December quarter. This is up from 64.1% and 27% in the same quarter of the prior year,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “As we embark upon 2011, I am encouraged by initial manufacturing milestones we have achieved on the new 28nm technology node. When coupled with the competitive advantages offered by our 7 series FPGAs, I believe Xilinx is positioned to establish clear market share leadership on this technology node.”

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