(PRNewswire) —

SAN JOSE, Calif., April 24, 2013 /PRNewswire-FirstCall/ -- Xilinx, Inc. (Nasdaq: XLNX) today announced fiscal 2013 sales of $2.17 billion, down 3% from the prior fiscal year. Fiscal 2013 net income decreased 8% to $487.5 million, or $1.79 per diluted share, versus fiscal 2012 net income of $530.1 million or $1.95 per diluted share.  

Fourth quarter fiscal 2013 sales were $532.2 million, up 4% sequentially and down 5% from the fourth quarter of the prior fiscal year.  Fourth quarter fiscal 2013 net income was $130.6 million, or $0.47 per diluted share. 

Additional fourth quarter comparisons are represented in the charts below:                 

 

"During fiscal 2013, Xilinx completed the rollout of the PLD industry's broadest 28-nm product portfolio.  Sales from these products exceeded $40 million during the quarter, significantly exceeding our expectations," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "As we embark on the new fiscal year, I expect continued strong growth from these new products fueled by ASIC and ASSP displacement as well as increased participation in high-growth megatrends such as nx100G wired networks, datacenter, video, vision and wireless HetNets."  

                                                         

                                                                                                      

 

 

Products are classified as follows:

New products: Virtex®‐7, Kintex™‐7, Artix™-7, Zynq™-7000, Virtex‐6, Spartan™‐6 products
Mainstream products: Virtex‐5, Spartan‐3 and CoolRunner(TM)‐II products
Base products: Virtex‐4, Virtex‐II, Virtex‐E, Virtex, Spartan-II, Spartan, CoolRunner and XC9500 products
Support products: Configuration solutions, HardWire, Software & Support/Services

 

 

Product and Financial Highlights – Fiscal 2013

• During fiscal year 2013, sales from Xilinx's 28-nm product portfolio, which includes the 7 series FPGAs and the Zynq-7000 family, surpassed $100 million.  In the March quarter, over 500 customers received shipments for a broad base of applications including wired and wireless communications, industrial, defense and broadcast.   
• Xilinx expanded its software leadership with the introduction of the Vivado™ Design Suite, a design environment built from the ground up, providing customers with up to a 4X productivity advantage.  Currently, Vivado is used for approximately 50 percent of 28-nm designs and 100 percent of 3D IC designs. 
• Xilinx announced its strategy for its 20-nm product portfolio, including the next-generation 8 series All Programmable FPGAs and second generation of 3D ICs and SoCs.  This next generation product family builds on a substantial competitive technology lead and addresses the rigorous requirements of next-generation ever 'smarter,' highly integrated, bandwidth hungry systems. 
• The Company achieved a record 66% gross margin in fiscal year 2013, up from 65% in the prior fiscal year.  This improvement is a testament to the Company's continued focus on margin expansion projects across our product portfolio.
• Xilinx continued to demonstrate a strong commitment to returning shareholder value through dividend increase and repurchase activity.   Xilinx recently increased its quarterly dividend $0.03 per share to $0.25 per share. During the fiscal year, Xilinx paid its stockholders a record $230 million in dividends and repurchased 6.2 million shares for $198 million.

Business Outlook – June Quarter Fiscal 2014

• Sales are expected to be up 1% to 5% sequentially.
• Gross margin is expected to be approximately 66% - 67%.
• Operating expenses are expected to be approximately $206 million, including $2 million of amortization of acquisition-related intangibles.
• Other income and expenses are expected to be a net expense of approximately $8 million.
• Fully diluted share count is expected to be approximately 277 million.
• June quarter tax rate is expected to be approximately 13% - 14%.

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the March quarter financial results and management's outlook for the June quarter. The webcast and subsequent replay will be available in the investor relations section of the Company's web site at www.investor.xilinx.com.  A telephonic replay of the call may be accessed later in the day by calling (855) 859-2056 and referencing confirmation code 29883361. The telephonic replay will be available for two weeks following the live call.  

This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as "expect," "believe,"  "may," "will," "could," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar expressions.  Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements.  Such forward looking statements include,  but are not limited to, statements related to the semiconductor market, the growth and acceptance of our products, expected revenue growth, the demand and growth in the markets we serve, opportunity for expansion into new markets, and our expectations regarding our business outlook for the June quarter of fiscal 2014.  Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. We undertake no obligation to update such forward-looking statements.  Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including customer acceptance of our new products, current global economic conditions, the health of our customers and the end markets in which they participate, our ability to forecast end customer demand, a high dependence on turns business, more customer volume discounts than expected, greater product mix changes than anticipated, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, our ability to successfully manage production at multiple foundries, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-Q and 10-K.

About Xilinx

About Xilinx
Xilinx develops All Programmable technologies and devices, beyond hardware to software, digital to analog, and single to multiple die in 3D ICs.  These industry leading devices are coupled with a next-generation design environment and IP to serve a broad range of customer needs, from programmable logic to programmable systems integration.  For more information visit www.xilinx.com.

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Xilinx, the Xilinx logo, Artix, ISE, Kintex, Spartan, Virtex, Zynq, Vivado, and other designated brands included herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.

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Investor Relations Contact:
Lori Owen
Xilinx, Inc.
(408) 879-6911
Email Contact

 

 

 

 

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