Mellanox Technologies (MLNX) Tops Q1 EPS by 12c; Guides Q2 Revs Above the Street

Mellanox Technologies (NASDAQ: MLNX) reported Q1 EPS of $0.60, $0.12 better than the analyst estimate of $0.48. Revenue for the quarter came in at $146.7 million versus the consensus estimate of $142.66 million.

Mellanox Technologies sees Q2 2015 revenue of $155-160 million, versus the consensus of $149.31 million.

“We are pleased with our financial results for the first quarter. The transition to 40 Gigabit Ethernet by some of our leading customers continued and contributed to our revenue growth. We see significant growth opportunities in the Ethernet market and are pleased that our revenue and market share have increased. Our InfiniBand solutions grew 46 percent over the first quarter of 2014. Today, we are the only company shipping full end-to-end 100 Gigabit solutions,” said Eyal Waldman, president and CEO of Mellanox Technologies. “We are also proud of the results that our new products achieved. During the quarter, our 100 Gigabit solution achieved record performance, making it the highest performing solution available in the market today, and our 40 Gigabit per second Ethernet switches were found to have zero packet loss and lower latency compared with competitive products. Our products are changing the data center landscape and open new possibilities for our customers.”

For earnings history and earnings-related data on Mellanox Technologies (MLNX) click here.

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