Xilinx Inc. (NASDAQ:XLNX) Q4 2019 Earnings Conference Call - Preliminary Transcript

Apr 24, 2019 • 05:00 pm ET


Xilinx Inc. (NASDAQ:XLNX) Q4 2019 Earnings Conference Call - Preliminary Transcript


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Good afternoon. My name is Ian and I will be your conference oerator. I would like to welcome everyone to te Xilinx Fourt Quarter Fiscal Year 2019 Earnings Release Conference Call. All lines ave been laced on mute to revent any background noise. After te seakers' remarks, tere will be a question-and-answer session.

(Oerator Instructions)

I would now like to turn te call over to Matt oirier. Tank you, Mr. oirier, you may begin your conference.

Matt Poirier

Tank you and good afternoon everyone. Wit me are Victor eng, CEO and Lorenzo Flores, CFO, wo will rovide a financial and business review of te Marc quarter and fiscal year '19 overall as well as rovide te business outlook for te June quarter.

Lorenzo will also sare some color for ow we see our fiscal year '20 aead of our Analyst and Investor Day were we will rovide detailed full-year guidance. Let me remind everyone tat during our conference call today, we may make rojections or oter forward-looking statements regarding future events or te future financial erformance of te comany. We wis to caution you tat suc statements are redictions based on information as currently available and tat actual results may differ materially.

We refer you to te documents te comany files wit te SEC including our 10-Ks, 10-Qs and 8-Ks. Tese documents contain and identify imortant risk factors tat could cause te actual results to differ materially from tose contained in our rojections or forward-looking statements. In addition to GAA financial measures, we will be disclosing certain sulemental non-GAA financial measures used by management to evaluate te comany's financial results. We rovide tese measures to facilitate eriod-to-eriod comarability for uroses of evaluating continuing business oerations by excluding te effects of non-recurring and unusual items suc as amortization of intangibles and certain one-time items related to acquisitions.

We believe te sare in tese non-GAA measures will be elful for analysts and investors in analyzing te comany's ongoing core business. A reconciliation of non-GAA financial information to te closest GAA measure is included in our earnings release and as been osted on our Investor Relations website. Tis conference call is oen all and is being webcast live tat can be accessed from our Xilinx Investor Relations website.

Let me now turn te call over to Victor.

Victor Peng

Tanks Matt and good afternoon everyone. I'm very excited to reort tat we made excetional rogress on our strategy in fiscal 2019. We far surassing our original revenue goal by delivering over $3 billion of revenue for te first time in our istory. Tis was 24% growt over fiscal 2018. Our growt was broad based wit all our rimary end markets u by double-digits. We also reaced record levels of rofitability as non-GAA ES increased 32% year-over-year to $3.48 er sare.

Te Marc quarter continued to see strengt as revenue increased 30% year-on-year to $828 million and non-GAA ES was u 34% year-on-year to $0.94 er sare. Lorenzo will rovide more financial details on bot te Marc quarter and