logo
Share SHARE
FONT-SIZE Plus   Neg

Mellanox Technologies Q1 Profit Tops View

Mellanox Technologies Ltd. (MLNX) Wednesday reported first-quarter net income of $12.4 million or $0.29 per share, compared to a net loss of $1.6 million or $0.05 per share last year.

On an adjusted basis, net income for the quarter improved to $22.0 million or $0.51 per share, compared to $9.2 million or $0.24 per share in the first quarter last year. On average, ten analysts polled by Thomson Reuters expected earnings of $0.34 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenue for the quarter grew 61.2 percent to $88.7 million from $55.1 million in the first quarter last year. Analysts estimated revenues of $81.62 million for the quarter.

Gross margins for the quarter improved to 67.4 percent from 64.7 percent last year.

Chief Executive Eyal Waldman said, "Our strong quarterly revenue growth reflects the increased penetration of our high-performance InfiniBand and Ethernet interconnect solutions in new markets, in addition to our traditional High Performance Computing market, specifically, the Web 2.0, database, storage and cloud markets."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT