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October 21, 2010

Mellanox Q3 revenue up 15.6% to $37.8m

Posts net income of $0.10 per diluted share

By CBR Staff Writer

Mellanox Technologies has reported total revenues of $37.8m for the third quarter of 2010, an increase of 15.6% as compared to $32.7m for the same quarter prior year.

The company has posted operating income of $4.8m for the quarter as compared to $6.7m for the same period last year.

The company’s income before income taxes for the quarter was $4.8m as compared to $6.7m for the same quarter in 2009.

For the quarter ended 30 September 2010, Mellanox has posted net income of $3.5m, or $0.10 per diluted share, as compared to $4.7m, or $0.14 per diluted share, for the same period last year.

Mellanox Technologies chairman, president, and CEO Eyal Waldman said the company is seeing momentum and future growth in the multiple vertical markets its serves, such as high-performance computing, financial services, database, Web 2.0 and Internet hosting, and cloud for both its InfiniBand and ethernet products.

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