News

posted on 24 April 2008 13:58

InfiniBand and Ethernet interconnect product vendor Mellanox announced is seventh successive quarter of record results.

In its first fiscal 2008 quarter its GAAP revenue was $25.2 million, up 49 percent on the year-ago quarter. In non-GAAP terms its net income was $8.6 millon ($0.25/share) compared to the $3.9 million of Q1 fy07 ($0.12/share).

Gross margins in the first quarter were a healthy 76.4 percent.

Eyal Waldman, chairman, president and CEO, was delighted: “Our seventh consecutive quarter of record revenue highlights our continued growth across all markets that we serve. We are seeing increased design wins and deployments of our leading interconnect adapters and switch silicon in a variety of new systems, applications and markets."

"During the quarter, we announced general availability of our ConnectX 40Gb/s InfiniBand adapter ICs and cards, the industry’s highest performing I/O adapter for server, storage and embedded applications. We taped out the InfiniScale IV, 36-port 40Gb/s InfiniBand switch silicon device in early April, which we expect to deploy in our customers’ systems during the second half of this year."

"At the Storage Networking World conference earlier this month, we demonstrated the industry’s first integrated Fibre Channel over Ethernet adapter with hardware offload. This capability enables networking and storage consolidation over a 10GigE network, reducing the number of adapters, cables and switches. "

"We also announced Virtual Protocol Interconnect (VPI), which enables ConnectX to support any standard networking, clustering, storage and management protocol over any converged network with the same software stack. VPI future-proofs data center infrastructure by providing IT managers the freedom to select the optimal protocols and networks for their applications while using ConnectX as their preferred server and storage adapter."

It all seems to be going very well indeed for Mellanox.

^{[Paul Roberts, news editor.]}