Xilinx Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended December 27, 2014 ; Provides Earnings Guidance for the Quarter Ending March 2015
For the nine months period, the company reported net revenues of $1,810,445,000, operating income of $596,558,000, income before income taxes of $580,598,000, net income of $513,593,000 or $1.85 per diluted share, purchases of property, plant and equipment of $23,682,000 compared to the net revenues of $1,764,708,000, operating income of $559,410,000, income before income taxes of $533,676,000, net income of $474,361,000 or $1.66 per diluted share, purchases of property, plant and equipment of $30,717,000 for the same period a year ago.
The company provided earnings guidance for the quarter ending March 2015. For the quarter ending March 2015, the company sales are expected to be down 2% to down 6% sequentially. The midpoint of this guidance is predicated on a turns rate of approximately 51%. Gross margin is expected to be approximately 68% to 69%. Operating expenses are expected to be approximately $227 million including $2.5 million of amortization of acquisition-related intangibles. Other income and expenses are expected to be a net expense of approximately $7 million. March quarter tax rate is expected to be approximately 13%.