US technology firm Xilinx reported record net revenues of $488.2 million in the first quarter of its fiscal year 2009, up 9 per cent compared to the same quarter a year ago.
The company, which employs 400 people at its European headquarters and R&D centre in Dublin, recorded net income of $83.9 million for the period.
This included pre-tax restructuring charges of $19.5 million and a pre-tax charge of $4.6 million related to impairment losses on equity investments.
"We reported a solid quarter in spite of macroeconomic headwinds," said Moshe Gavrielov, president and chief executive officer of Xilinix.
"In addition to achieving record sales in the June quarter, our gross margin continued to improve due to disciplined efforts in the areas of yield improvement and cost reduction. Gross margin in the June quarter was 63.8 per cent, up from 63.4 per cent in the prior quarter and up from 62.2 per cent in the same quarter a year ago."
The company produces advanced microchips capable of being programmed individually for use in electronic systems, and provides software tools needed to do this.
