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Primeur weekly 2019-04-23

Quantum computing

Quantum computing start-up Zapata Computing raises $21 million in Series A financing ...

World-record quantum computing result for Sydney teams ...

Improving quantum computers ...

Focus on Europe

ISC STEM Student Day now open for sign-up ...

Dr. Debora Sijacki wins the 2019 PRACE Ada Lovelace Award for HPC ...

Middleware

Japan-based Core Micro Systems becomes a Bright Advanced Reseller ...

2019 DOE Performance Portability Meeting breaks new ground ...

Hardware

Mellanox delivers record revenue for the first quarter of 2019 ...

Intel acquires Omnitek and strengthens FPGA video and vision offering ...

Spectra Logic and Arcitecta debut joint genomics data management solution at Bio-IT World Conference & Expo '19 ...

World-class data science server to amplify Clemson's supercomputer ...

Cadence collaborates with TSMC to accelerate 5nm FinFET innovation, enabling next-generation SoC production design ...

Applications

Researchers gather at Ohio Supercomputer Center for spring Statewide Users Group conference ...

Blue Waters user Claire Porter wins NOAA David Johnson Award for ArcticDEM ...

Helping research reach new heights with AI ...

U.S. Department of Energy's INCITE Programme seeks proposals for 2020 ...

AT&T leverages Argonne's climate modeling and infrastructure resilience expertise to benefit Southeastern U.S. ...

Searching for photocathodes that convert CO2 into fuels ...

ECMWF to present second edition of the Summer of Weather Code (ESoWC) 2019 ...

HPC supports first black hole image ...

Research using TACC supercomputers studies bioelectric effects of cells to develop new anti-cancer strategies ...

TACC enhances computational reproducibility ...

The Cloud

Creating a cloak for grid data in the Cloud ...

Mellanox delivers record revenue for the first quarter of 2019

16 Apr 2019 Sunnyvale, Yokneam - Mellanox Technologies Ltd., a supplier of high-performance, end-to-end interconnect solutions for data centre servers and storage systems, has issued preliminary financial results for its first quarter ended March 31, 2019.

"Mellanox delivered record revenue in Q1, achieving 5 percent sequential growth and 22 percent year- over-year growth. All of our product lines grew sequentially, showing the benefits of our diversified data centre strategy", stated Eyal Waldman, president and CEO of Mellanox Technologies. "OurR&D execution has resulted in differentiated products, while at the same time we have generated operating margin of 14.6% on a GAAP basis and 28.3% on a non-GAAP basis. Additionally, we increased cash and short-term investments by $114 million during the quarter."

"Across InfiniBand and Ethernet product lines, our innovations are driving continued market leadership. Our 200 gigabit HDR InfiniBand solutions are enabling the world’s fastest supercomputers and driving our overall InfiniBand growth. During Q1, HDR InfiniBand connected tens-of-thousands of compute and storage end-points across supercomputing, hyperscale, and Cloud data centres around the globe to achieve breakthrough performance. Our Ethernet solutions continue to penetrate the market for both adapters and switches. Our market leadership in 25 gigabit per second Ethernet solutions is well established, and our

100 gigabit per second solutions are the fastest growing portion of our Ethernet adapter product line. We are also encouraged by the adoption of our BlueField System-on-a-Chip and SmartNIC technology. With further innovations to come, Mellanox is well-positioned to continue its growth trajectory", Mr. Waldman concluded.

First quarter 2019 highlights include the following:

  • Revenue of $305.2 million in the first quarter, an increase of 21.6 percent, compared to $251.0 million in the first quarter of 2018.
  • GAAP gross margins of 64.6 percent in the first quarter, compared to 64.5 percent in the first quarter of 2018.
  • Non-GAAP gross margins of 68.0 percent in the first quarter, compared to 69.0 percent in the first quarter of 2018.
  • GAAP operating income of $44.7 million in the first quarter, compared to $12.0 million in the first quarter of 2018.
  • Non-GAAP operating income of $86.3 million in the first quarter, or 28.3 percent of revenue, compared to $52.1 million, or 20.8 percent of revenue in the first quarter of 2018.
  • GAAP net income of $48.6 million in the first quarter, compared to $37.8 million in the first quarter of 2018.
  • Non-GAAP net income of $86.5 million in the first quarter, compared to $51.4 million in the first quarter of 2018.
  • GAAP net income per diluted share of $0.87 in the first quarter, compared to $0.71 in the first quarter of 2018.
  • Non-GAAP net income per diluted share of $1.59 in the first quarter, compared to $0.98 in the first quarter of 2018.
  • $88.4 million in cash provided by operating activities in the first quarter, compared to $55.4 million in the first quarter of 2018.
  • Cash and investments totaled $552.6 million at March 31, 2019, compared to $438.5 million at December 31, 2018.

As announced on March 11, 2019, NVIDIA Corporation intends to acquire all the issued and outstanding common shares of Mellanox for $125 per share in cash. The acquisition will unite NVIDIA's strength in accelerated computing with Mellanox's expertise in high-performance interconnect technology to address the data centre market, better serve the customers, and accelerate innovation. Due to the pending acquisition, Mellanox will not hold an earnings conference call and has suspended the practice of providing forward-looking guidance.

Source: Mellanox

Back to Table of contents

Primeur weekly 2019-04-23

Quantum computing

Quantum computing start-up Zapata Computing raises $21 million in Series A financing ...

World-record quantum computing result for Sydney teams ...

Improving quantum computers ...

Focus on Europe

ISC STEM Student Day now open for sign-up ...

Dr. Debora Sijacki wins the 2019 PRACE Ada Lovelace Award for HPC ...

Middleware

Japan-based Core Micro Systems becomes a Bright Advanced Reseller ...

2019 DOE Performance Portability Meeting breaks new ground ...

Hardware

Mellanox delivers record revenue for the first quarter of 2019 ...

Intel acquires Omnitek and strengthens FPGA video and vision offering ...

Spectra Logic and Arcitecta debut joint genomics data management solution at Bio-IT World Conference & Expo '19 ...

World-class data science server to amplify Clemson's supercomputer ...

Cadence collaborates with TSMC to accelerate 5nm FinFET innovation, enabling next-generation SoC production design ...

Applications

Researchers gather at Ohio Supercomputer Center for spring Statewide Users Group conference ...

Blue Waters user Claire Porter wins NOAA David Johnson Award for ArcticDEM ...

Helping research reach new heights with AI ...

U.S. Department of Energy's INCITE Programme seeks proposals for 2020 ...

AT&T leverages Argonne's climate modeling and infrastructure resilience expertise to benefit Southeastern U.S. ...

Searching for photocathodes that convert CO2 into fuels ...

ECMWF to present second edition of the Summer of Weather Code (ESoWC) 2019 ...

HPC supports first black hole image ...

Research using TACC supercomputers studies bioelectric effects of cells to develop new anti-cancer strategies ...

TACC enhances computational reproducibility ...

The Cloud

Creating a cloak for grid data in the Cloud ...