Stefan Mileschin

CEO Victor Peng made the difference

Xilinx announced that at the end of its fiscal year 2019 the company reached record revenues of $3.06 billion for the fiscal year 2019, up 24 percent from the previous fiscal year. The three pillar strategy is playing out, with the data center first but it is clear that the company has AI, networking and 5G well embedded in its roadmap.

Revenues of $828 million for the fourth quarter of the fiscal year 2019 was four percent up from the prior quarter and up 30 percent year over year. The strategy is paying off.

GAAP net income for the fiscal year 2019 was $890 million, or $3.47 per diluted share. Non-GAAP net income for the fiscal year 2019 was $892 million, or $3.48 per diluted share. GAAP net income for the March quarter was $245 million, or $0.95 per diluted share. Non-GAAP net income for the March quarter was $242 million, or $0.94 per diluted share.

"Fiscal year 2019 was truly an exceptional year for Xilinx. For the year, we exceeded $3 billion in annual revenues for the first time and posted 24% growth from last year, driven by Advanced Product revenues which grew 40% year over year. In addition, we demonstrated strong profitability by posting over 30% growth in both non-GAAP operating income and non-GAAP diluted earnings per share. We are executing to our strategy and focusing on growth across our portfolio as we continue our transformation to a platform company", said Victor Peng, president, and chief executive officer, Xilinx.

Communications led the way representing 41 percent of the revenue in FY Q4 2019 led by the Industrial, aerospace, and defense sectors with 27 percent. Data Center and TME accounted for 18 percent. Automotive, broadcasting and consumer markets contributed 14 percent in the quarter. Communications grew 74 percent year to year - thanks to 5G - while automotive, broadcast, and consumer grew 20 percent year on year.

Asia Pacific contributed 47 percent of the mix, the US 27 percent, Europe with 18 and Japan with eight percent.

Xilinx advanced products contributed to a whopping 68 percent of Q4 FY 2019 with a growth rate of 55 percent. The Advanced products include high margin parts including Alveo, UltraScale+, UltraScale and 7-series products.

Core product contributed with 32 percent of the split and declined four percent year over year. The Core products include Virtex-6, Spartan-6, Virtex‐5, CoolRunner‐II, Virtex-4, Virtex-II, Spartan-3, Spartan-2, XC9500 products, configuration solutions, software & support/services.
https://fudzilla.com/news/memory-and...-06b-in-fy2019