(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)
The Xilinx Board of Directors announced a $0.02 increase in the quarterly cash dividend to $0.16 per outstanding share of common stock, payable on November 24, 2009 to all stockholders of record at the close of business on November 4, 2009.
Additional second quarter comparisons are represented in the charts below:
GAAP Results
(In millions, except EPS)
Growth Rates
Q2 Q1 Q2
FY 2010 FY 2010 FY 2009(1) Q-T-Q Y-T-Y
------- ------- ---------- ----- -----
Net revenues $415.0 $376.2 $483.5 10% -14%
Operating income $82.1 $57.4 $124.6 43% -34%
Net income $64.0 $38.0 $81.1 68% -21%
Diluted earnings
per share $0.23 $0.14 $0.29 64% -21%
(1) As adjusted due to the retrospective adoption of the accounting
standard for convertible debentures in the first quarter of fiscal
2010.
Sales growth in the September quarter was driven by strength from all end markets and geographic regions. New Product sales increased 36% sequentially during the quarter due primarily to strong growth from the Virtex(R)-5 and Spartan(R)-3 FPGA families.
"I am encouraged by the broad-based recovery in our business," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "Strong sales growth coupled with continued operating expense control contributed to a significant improvement in operating margin. September quarter operating margin was 20%, up from 15% in the prior quarter."
Net Revenues by Geography:
Percentages Growth Rates
Q2 Q1 Q2
FY 2010 FY 2010 FY 2009 Q-T-Q Y-T-Y
------- ------- ------- ----- -----
North America 35% 35% 34% 12% -10%
Asia Pacific 35% 37% 32% 3% -8%
Europe 21% 20% 23% 15% -23%
Japan 9% 8% 11% 26% -23%
Net Revenues by End Market:
Percentages Growth Rates
Q2 Q1 Q2
FY 2010 FY 2010 FY 2009 Q-T-Q Y-T-Y
------- ------- ------- ----- -----
Communications 46% 49% 43% 4% -8%
Industrial & Other 31% 31% 32% 9% -17%
Consumer &
Automotive 16% 14% 17% 27% -22%
Data Processing 7% 6% 8% 31% -20%
Net Revenues by Product:
Percentages Growth Rates
Q2 Q1 Q2
FY 2010 FY 2010 FY 2009 Q-T-Q Y-T-Y
------- ------- ------- ----- -----
New 31% 25% 16% 36% 63%
Mainstream 33% 36% 37% 4% -22%
Base 31% 34% 42% -1% -37%
Support 5% 5% 5% 2% -23%
Products are classified as follows:
New Products: Virtex-6, Virtex-5, Spartan-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
Key Statistics:
(Dollars in millions)
Q2 Q1 Q2
FY 2010 FY 2010 FY 2009
------- ------- -------
Annual Return on Equity (%)* 10 8 17
Operating Cash Flow $118 $147 $95
Depreciation Expense $12 $13 $13
Capital Expenditures $4 $5 $12
Combined Inventory Days 75 78 93
Revenue Turns (%) 57 57 59
* Return on equity calculation: Annualized net income/average
stockholders' equity
