Mellanox Technologies (MLNX) Tops Q1 EPS by 14c, Revenues Beat

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Go back to Mellanox Technologies (MLNX) Tops Q1 EPS by 14c, Revenues Beat

Mellanox Delivers Record Revenue for the First Quarter of 2019

April 16, 2019 4:05 PM EDT

Achieving $305.2 million, up 22% year-over-year

GAAP operating margin 14.6%; Non-GAAP operating margin 28.3%

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 first quarter ended March31, 2019.

Mellanox delivered record revenue in Q1, achieving 5 percent sequential growth and 22 percent year-over-year growth. All of our product lines grew sequentially, showing the benefits of our diversified data center strategy, said Eyal Waldman, president and CEO of Mellanox... More