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Technology / AI and automation

Mellanox Q1 revenue up 52%

Mellanox Technologies has reported total revenues of $55.1m for the first quarter of 2011, an increase of 52% as compared to $36.2m for the same quarter prior year, and an increase of 35.3% sequentially.

The company has posted operating loss of $1.7m for the quarter as compared to an operating income of $7.4m for the same period last year.

The company’s income before income taxes for the quarter was negative $1.6m as compared to $7.4m for the same quarter in 2010.

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For the quarter ended 31 March 2011, Mellanox posted net loss of $1.6m, or $0.05 per diluted share, as compared to net income of $5.2m, or $0.15 per diluted share, for the same period last year.

Mellanox Technologies chairman and CEO Eyal Waldman said they are pleased with the post-merger integration of Voltaire and Mellanox which contributed to their record revenues for the first quarter.

"Our end-to-end connectivity products continue to show growth and adoption by leading, worldwide server and storage OEMs and end-users," Waldman said.

"We are also poised to deliver our next generation FDR 56Gb/s InfiniBand and 40GbE products which will add to our market and performance leadership position."

This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.