Xilinx had a record quarter
 

Things to get better

Xilinx is a company that makes great products and technology but in the past didn’t manage to penetrate the mainstream IT media’s due to the complexity of its products. That is all changing now, the company with its Datacenter, AI, 5G and Automotive aspirations managed to grab a lot of attention and score 34 percent year on year growth.

The business growth shares a lot of similarities with Nvidia a few years back when Nvidia struggled to grow outside its native computer graphics. Xilinx is known as a FPGA company, but the application of these products now plays a great role in the future of 5G, many AI applications, crucial to data centers such as AWS and Alibaba - to name just a few and of course Automotive and 4G and soon 5G.
60 percent jump in operating income

Its net revenue increased 34 percent year on year from $599 million to $800 million as its operating income jumped a whopping 60 percent from $161 million in financial Q3 2018 to $258 million in Q3 2018.

The company showed an 11 percent jump in diluted earning per share GAAP.

"I am very excited to report yet another record revenue and earnings quarter. During the third fiscal quarter, we delivered revenues of $800 million, representing 34% year over year growth. Based on the guidance we are providing for the fiscal fourth quarter, we expect to exceed $3 billion in annual revenues for the first time in our history. In addition to the robust revenue growth, we also demonstrated strong profitability by posting over 60% growth in non-GAAP operating income and over 40% growth in non-GAAP diluted earnings per share year over year. We continue to execute to our strategy and drive growth across our portfolio", said Victor Peng, President and Chief Executive Officer.

https://fudzilla.com/news/ai/48056-x...record-quarter