Mellanox Technologies (MLNX) Tops Q4 EPS by 12c, Revenues Beat; Provides Q1 EPS Guidance Above Consensus

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Go back to Mellanox Technologies (MLNX) Tops Q4 EPS by 12c, Revenues Beat; Provides Q1 EPS Guidance Above Consensus

Mellanox Delivers Record Fourth Quarter and Annual 2018 Results, Exceeded $1 Billion in Annual Revenue in 2018

January 30, 2019 4:05 PM EST

Achieved Annual Revenue Growth of 26% While Maintaining Flat Operating Expenses Year-Over-Year

SUNNYVALE, Calif. & YOKNEAM, ISRAEL--(BUSINESS WIRE)-- Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced preliminary financial results for its fourth quarter and fiscal year 2018.

Mellanox had an outstanding 2018, delivering 26% annual revenue growth and achieving $1.09 billion in revenue for the first time in our history. We leveraged top line growth and strong expense discipline to accelerate profitability. We expect to carry this momentum into 2019 and... More