Mellanox Delivers Record Revenue for the Second Quarter of 2019
MELLANOX TECHNOLOGIES (MLNX)
Last mellanox technologies earnings: 4/23 04:05 pm
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Source: Business Wire
Achieves $310.3 million revenue, up 16% year-over-yearTrailing 12 months GAAP operating margin 14.4%; Non-GAAP operating margin 27.3% SUNNYVALE, Calif. & 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 second quarter ended June 30, 2019.“Mellanox delivered record revenue in Q2, achieving 2 percent sequential growth and 16 percent year-over-year growth. We continue to demonstrate leadership with our Ethernet adapter solutions for data rates of 25 gigabit per second and above. The growth in our Ethernet business reflects strong demand from our cloud customers as well as expanding channel sales. We are pleased that we’ve begun shipping 200 gigabit per second Ethernet adapters, switches, and cables to our data center customers, and expect this to be a future revenue growth driver,” sai
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