Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Mellanox Technologies Q1 Profit Tops View

RELATED NEWS
Trade MLNX now with 

Mellanox Technologies Ltd. (MLNX: Quote) 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."

Click here to receive FREE breaking news email alerts for Mellanox Technologies Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Hewlett-Packard has recalled the AC power cords for its HP and Compaq notebook computer, citing a tendency to overheat, causing a potential fire and burn hazard. HP requests that consumers stop using the cord immediately and contact them to order a replacement cord free of charge. A UN report describing terrible atrocities carried out by Islamic State militants in Syria says children as young as 10 are being recruited and trained at ISIS camps as fighters. The report, based on 480 interviews and and evidence collected between 20 January and 15 July, chronicles the unimaginable brutality and human cost of the Syrian conflict. The report by the independent international com Poverty in Latin America and the Caribbean has been reduced by almost half in the last decade, and the middle class grew by 82 million people, from 21 percent of the population in 2000 to 34 percent in 2012, according to new data released by the United Nations Development Program (UNDP). UNDP's analysis, based on data from the Center for Distributive, Labor and Social Studies (CEDLAS), highlights
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.