EZchip Semi (EZCH) Tops Q1 EPS by 1c

EZchip Semi (NASDAQ: EZCH) reported Q1 EPS of $0.33, $0.01 better than the analyst estimate of $0.32. Revenue for the quarter came in at $20.3 million versus the consensus estimate of $20 million.

Eli Fruchter, CEO of EZchip, commented, "This has been a record quarter for EZchip in revenues, up 33% compared to the first quarter last year. During the quarter we continued the testing of the NP-5 and expect the NP-5 to move to production in the second half of the year, in line with the typical three year gap we have seen between NP generations, starting with the NP-1 in 2002. Our upcoming NPS will double the throughput of its NP-5 predecessor and is expected to arrive sooner than the typical three year gap we have had with previous chip generations. This provides our routing customers with enough time to make their silicon choices into next year and still have ample time to migrate their software to the NPS and be ready with next gen line cards in the 2016/17 time frame. The NPS is receiving very positive feedback from our current customers as well as from vendors outside of the routing arena. Such vendors include data center network appliance and switch vendors as well as the large carriers and data center operators that are innovating in-house networking solutions including the adoption of the white box concept."

For earnings history and earnings-related data on EZchip Semi (EZCH) click here.

You May Also Be Interested In

• Jefferies sees a buying opportunity in this S&P 500 sector
• Benchmark Reiterates Buy Rating on Jumia Technologies (JMIA)
• Boxlight Corporation (BOXL) Tops Q2 EPS by 2050c