Xilinx Records Another Solid Quarter Despite Deceleration in Revenue Growth; No Change to $55 FVE
Xilinx reported second-quarter results slightly below our expectations, with modest sequential top-line growth. Consistent revenue growth has been challenging for the firm to achieve in recent years, given the cyclical forces prevalent in the plethora of end-markets served by Xilinx (wireless infrastructure in recent quarters). At its analyst day in May, management set an ambitious revenue growth target of $2.5 billion for fiscal 2018 and will require a stronger second half to meet this threshol...Xilinx designs and develops programmable devices and associated technologies, including: integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips and three-dimensional ICs; Adaptive Compute Acceleration Platform, a multi-core heterogeneous compute platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP), which consists of the company and third-party verification and IP cores. In addition to its programmable platforms, the company provides design services, customer training, field engineering and technical support.
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