Mellanox Delivers Five Consecutive Quarters of Record Results
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Mellanox Technologies (MLNX) Tops Q3 EPS by 13c, Beats on Revenues; Offers 4Q Revenue Outlook
October 24, 2018 4:10 PM EDTMellanox Technologies (NASDAQ: MLNX) reported Q3 EPS of $1.33, $0.13 better than the analyst estimate of $1.20. Revenue for the quarter came in at $279.2 million versus the consensus estimate of $275.53 million.
Mellanox continues to execute and gain momentum in the markets we participate in. We reported another record quarter in Q3, delivering 24% revenue growth and 90% non-GAAP operating income growth year-over-year. This resulted in a non-GAAP operating margin of 26.2%," said Eyal Waldman, President and CEO of Mellanox Technologies. "Our strong results reflect the differentiated and superior product technologies that Mellanox has to offer for data center infrastructure.
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