Xilinx Third Quarter Fiscal 2008 sales up 7% sequentially; operating margin exceeds 24%

Xilinx has announced net revenues of $474.8 million in the third quarter of fiscal 2008, up 7% sequentially from the prior quarter and up 5% compared to the same quarter a year ago. Third quarter net income was $103.6 million, or $0.35 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.12 per outstanding share of common stock, payable on February 27, 2008 to all stockholders of record at the close of business on February 6, 2008.

Xilinx sales were stronger than anticipated during the quarter, increasing 7% sequentially due primarily to strength in defense and consumer applications. From a geographic perspective, sales from all geographies except Asia Pacific increased sequentially. North American-based sales were particularly strong during the quarter, increasing 14% sequentially.

Xilinx