Mellanox Technologies (MLNX) Tops Q3 EPS by 1c

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Go back to Mellanox Technologies (MLNX) Tops Q3 EPS by 1c

Mellanox Achieves Record Quarterly Revenue in the Third Quarter 2016

October 27, 2016 4:06 PM EDT

Quarterly Revenue Growth of 31 Percent Year-over-Year to $224.2 Million

25/50/100 Gigabit Ethernet Revenues Grew 72 Percent Sequentially

InfiniBand Revenues Grew 9 Percent Sequentially

SUNNYVALE, Calif. & YOKNEAM, Israel--(BUSINESS WIRE)-- Mellanox® Technologies, Ltd. (NASDAQ: MLNX) today announced financial results for its third quarter ended September 30, 2016.

We are pleased to report the sixth consecutive quarter of record revenue. We see strong customer adoption of our 25/50/100 Gigabit Ethernet solutions. We believe the transition to 25/50/100 Gigabit Ethernet provides Mellanox significant growth opportunities due to our first mover advantage. We saw... More