Mellanox Delivers Record First Quarter 2020 Financial Results
MELLANOX TECHNOLOGIES (MLNX)
Last mellanox technologies earnings: 4/23 04:05 pm
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Source: Business Wire
Achieved $429 million of revenue, up 13% vs. prior quarter and 40% year-over-yearGAAP operating margin 23.9%; Non-GAAP operating margin 34.1% SUNNYVALE, Calif. and YOKNEAM, Israel--(BUSINESS WIRE)--Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced preliminary financial results for its first quarter 2020.“Mellanox delivered record revenue and operating income in the first quarter of 2020. All our major product lines continued to grow. We are pleased to be shipping end-to-end solutions at speeds of 200 gigabits per second (Gbps) for both InfiniBand and Ethernet. In addition, we are shipping 400 Gbps Ethernet switches,” said Eyal Waldman, President and CEO of Mellanox Technologies. “Sales of Ethernet adapter products increased 112% year-over-year. We expect our new ConnectX-6 Dx adapters and Bluefield-2 I/O Processing Units (IPUs), the latest additions to o
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