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This excerpt taken from the XLNX 8-K filed Jul 5, 2007. Net Revenues” mean, with respect to the Company or a Comparator Company for a given fiscal period, the net revenues determined in accordance with generally accepted accounting principles (except as provided by Section B.1(a) below), as set forth in the consolidated income statement of such entity for such fiscal period.
5. “ This excerpt taken from the XLNX 10-Q filed Feb 3, 2006. Net Revenues
Net revenues of $449.6 million in the third quarter of fiscal 2006 represented a 27% increase from the same period last year of $355.4 million. Net revenues for the first nine months of fiscal 2006 were $1.3 billion, a 6% increase from the same period last year of $1.2 billion.
The increase in net revenues in the third quarter of fiscal 2006 resulted from broad-based growth across several end markets, geographies and product lines. Sales from the Industrial and Other category were the strongest during the quarter. Strength in this category was driven by increased revenues from test and measurement and defense applications. In addition, the Communications end market, which was impacted during the second quarter of fiscal 2006 by a decrease in sales to wireless infrastructure, rebounded during the quarter, driven by increases in both wireless and wireline communications.
The increase in net revenues for the first nine months of fiscal 2006 was a result of improved market conditions driven primarily by strength in Communications and Industrial and Other end markets. The first nine months of fiscal 2005 were negatively impacted by various factors that included a semiconductor-wide inventory correction, a weakened global economy and weakness in the Communications end market. These conditions led to two consecutive quarters of revenue declines for Xilinx in the second and third quarters of fiscal 2005.
No end customer accounted for more than 10% of the Company’s net revenues for any of the periods presented.
This excerpt taken from the XLNX 10-Q filed Nov 4, 2005. Net Revenues
Net revenues of $398.9 million in the second quarter of fiscal 2006 represented a 1% decrease from the comparable prior year period of $403.3 million. Net revenues for the first six months of fiscal 2006 were $804.3 million, a 3% decline from the prior year comparable period of $826.9 million.
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The decrease in net revenues in the second quarter of fiscal 2006 resulted from weaker than expected sales in the Communications end market, especially 3G wireless infrastructure which declined double digits compared to the same period last year. The revenue growth in Consumer, Automotive, Industrial and Other end markets did not sufficiently offset weakness in the Communications end market. The weakness in the Communications end market also adversely affected our net revenues from Mainstream and Base Products, which declined double digits during the second quarter and the first six months of fiscal 2006, as many of these products serve the Communications end market.
No end customer accounted for more than 10% of net revenues for any of the periods presented.
This excerpt taken from the XLNX 10-Q filed Aug 8, 2005. Net Revenues
Net revenues of $405.4 million in the first quarter of fiscal 2006 represented a 4% decrease from the comparable prior year period of $423.6 million. Our older products declined more than forecasted due to an end customer inventory correction. Following the first quarter of fiscal 2005, net revenues declined for two quarters before returning to growth in the fourth quarter of fiscal 2005. The current quarter represents the second consecutive quarter of revenue growth.
No end customer accounted for more than 10% of net revenues for any of the periods presented.
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This excerpt taken from the XLNX 10-K filed Jun 1, 2005. Net Revenues
Our net revenues increased 13% in fiscal 2005 compared to fiscal 2004. The increase was due to strength of our New Products in Communications, Consumer and Automotive and Industrial and Other end markets. Our net revenues increased 21% in fiscal 2004 compared to fiscal 2003 due to strong customer demand for our New Products and continued growth in our Consumer and Automotive and Industrial and Other end markets. The increases in net revenues in both fiscal 2005 and 2004 were due to increased unit sales, partially offset by normal declines in average unit selling prices. No end customer accounted for more than 10% of net revenues for any of the periods presented. This excerpt taken from the XLNX 10-Q filed Feb 9, 2005. Net Revenues
We classify our product offerings into four categories: New, Mainstream, Base and Support Products. These product categories, excluding Support Products, are adjusted on a periodic basis to better reflect advances in technology. The most recent adjustment was on July 4, 2004, which was the beginning of our second quarter of fiscal 2005. Amounts for the prior periods presented have been reclassified to conform to the new categorization. New Products include our most recent product offerings and include the Spartan-IIETM, Spartan-3TM, Virtex-II ProTM, Virtex-4TM, EasyPathTM and CoolRunner-IITM product lines. Mainstream Products include the CoolRunnerTM Spartan-IITM, SpartanXLTM, Virtex-IITM, Virtex-ETM and VirtexTM product lines. Base Products consist of our mature product families and include the XC3000, XC3100, XC4000, XC5200, XC9500, XC9500XL, XC9500XV, XC4000E, XC4000EX, XC4000XL, XC4000XLA, XC4000XV and SpartanTM families. Support Products make up
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the remainder of our product offerings and include configuration solutions (serial PROMs – programmable read only memory), software, intellectual property (IP) cores, customer training, design services and support.
Net revenues of $355.4 million in the third quarter of fiscal 2005 represented a 3% decrease from the comparable prior year period of $365.6 million. The decrease in net revenues during the third quarter of fiscal 2005 was due to excess inventory levels at our end customers resulting in weaker than expected orders during the third quarter of fiscal 2005, particularly in the telecommunication sector.
Net revenues for the first nine months of fiscal 2005 were $1,182.3 million, a 19% increase from the prior year comparable period of $994.5 million. The growth in the first nine months of fiscal 2005 was attributable to improved market conditions in the first six months despite weakness in the third quarter. No end customer accounted for more than 10% of net revenues for any of the periods presented.
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