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

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

Mellanox Technologies, Ltd. Announces First Quarter Financial Results; Achieves Record Ethernet Revenue

April 21, 2015 7:00 AM EDT

Ethernet revenue growth of 35.5 percent quarter-over-quarter

SUNNYVALE, Calif. & YOKNEAM, Israel--(BUSINESS WIRE)-- Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of end-to-end interconnect solutions for servers and storage systems, today announced financial results for its first quarter, ended March 31, 2015.

First Quarter 2015 Highlights

Revenues were $146.7 million. GAAP gross margins were 72.0 percent. Non-GAAP gross margins were 73.4 percent. GAAP operating income was $15.2 million, or 10.4 percent of revenue. Non-GAAP operating income was $30.2 million, or 20.6 percent of revenue.... More