Mellanox Posts Revenue of $89 Million, up 61% YoY

Mellanox Technology reported record revenue of $88.7 million for first fiscal quarter ended 31-March-2012, up 22.1 percent from $72.7 million in the fourth quarter of 2011, and up 61.2 percent from $55.1 million in the first quarter of 2011.GAAP gross margins in the first quarter of 2012 were 67.4 percent, compared with 64.0 percent in the fourth quarter of 2011 and 64.7 percent in the first quarter of 2011.

"Our strong quarterly revenue growth reflects the increased penetration of our high-performance InfiniBand and Ethernet interconnect solutions in new markets, in addition to our traditional High Performance Computing (HPC) market, specifically, the Web 2.0, database, storage and cloud markets," said Eyal Waldman, chairman, president and CEO of Mellanox Technologies. “The recent launch of Intel Romley and Sandy Bridge-based server and storage platforms has created a significant industry-upgrade and end-user demand for high-performance interconnects. Our FDR 56Gb/s InfiniBand and 10/40GbE interconnect solutions provide these end-users with industry-best performance and return-on-investment."http://www.mellanox.com