(Source: PRNewswire-FirstCall)SAN JOSE, Calif., July 15 /PRNewswire-FirstCall/ -- Xilinx, Inc. today announced first quarter fiscal 2010 sales of $376.2 million, down 5% sequentially and down 23% from the first quarter of the prior fiscal year. First quarter net income was $38.0 million, or $0.14 per diluted share, including previously announced pre-tax restructuring charges totaling $15.8 million, and the reversal of $8.7 million of interest income previously accrued on the tax prepayment as a result of the recent adverse court case ruling. Collectively, these items represented approximately $0.07 per diluted share after tax.

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The Xilinx Board of Directors declared a quarterly cash dividend of $0.14 per outstanding share of common stock, payable on August 26, 2009 to all stockholders of record at the close of business on August 5, 2009.

   Additional first quarter comparisons are represented in the charts below:      GAAP Results   (In millions, except EPS)                                                              Growth Rates                             Q1          Q4         Q1                           FY 2010    FY 2009(1) FY 2009(1)  Q-T-Q    Y-T-Y                           -------    ---------  ---------   -----    -----   Net revenues            $376.2      $395.0     $488.2      -5%     -23%   Operating income         $57.4       $78.3     $107.0     -27%     -46%   Net income               $38.0       $69.6      $86.3     -45%     -56%   Diluted earnings per    share                   $0.14       $0.25      $0.31     -44%     -55%    (1) As adjusted due to the adoption of FSP APB 14-1 "Accounting for       Convertible Debt Instruments That May Be Settled in Cash upon       Conversion (Including Partial Cash Settlement)"    

"Sales growth was impacted in the June quarter by supply constraints primarily relating to certain Virtex -5 devices in high demand," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "We reduced SG&A and R&D expenses by more than 5% sequentially and generated $128 million of operating cash flow. At the same time, we remain committed to our ongoing investment in next generation FPGA development, which we expect to drive future growth opportunities."

During the June quarter, sales from Asia Pacific increased 2% sequentially to represent a record 37% of total sales. This was up from 35% of sales in the prior quarter, and up from 32% of total sales in the same quarter a year ago. Sales from all other geographies declined sequentially during the quarter.

   Net Revenues by Geography:                              Percentages             Growth Rates                        Q1         Q4         Q1                     FY 2010    FY 2009    FY 2009    Q-T-Q    Y-T-Y                     -------    -------    -------    -----    -----   North America        35%        35%        35%      -6%    -25%   Asia Pacific         37%        35%        32%       2%    -10%   Europe               20%        22%        23%     -13%    -32%   Japan                 8%         8%        10%      -4%    -36%      Net Revenues by End Market:                            Percentages            Growth Rates                            Q1       Q4      Q1                          FY 2010  FY 2009  FY 2009 Q-T-Q  Y-T-Y                          -------  -------  ------- -----  -----   Communications           49%      47%     42%      -2%  -10%   Industrial & Other       31%      32%     33%      -6%  -28%   Consumer &    Automotive              14%      14%     16%      -5%  -35%   Data Processing           6%       7%      9%     -19%  -44%      Net Revenues by Product:    Note:  The product categories represented below have been modified to make   categories more meaningful given new product introductions and maturing of   products.  For comparative purposes, we have provided supplemental   information on our website at http://www.investor.xilinx.com/ that presents   results based on previous category classifications.