The Latest in IT Security

Weak chip sales to aero, defense clients hurt Xilinx

24
Apr
2014

(Reuters) – Chipmaker Xilinx Inc forecast current-quarter revenue largely below analysts’ average estimate, saying it expects sales from its aerospace, defense and wired telecom customers to be flat. Shares of Xilinx, which also reported weaker-than-expected profit for the quarter ended March 29, were down 5 percent in extended trade. Xilinx said it expected first-quarter revenue to stay flat or rise up to 4 percent sequentially. Analysts on average were expecting revenue of $638.4 million, according to Thomson Reuters I/B/E/S. The company, which gets nearly half its revenue from telecom customers, expects fourth-quarter gross margins of about 68 percent.

Comments are closed.

Categories

FRIDAY, APRIL 19, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments