Mellanox Technologies, Ltd. (MLNX: Quote) Wednesday reported an increase in profit for the fourth quarter, helped mainly by an impressive revenue growth.
Net income for the quarter soared to $18.4 million or $0.41 per share from $4.6 million or $0.11 per share in the same period last year.
Adjusted earnings were $30.7 million or $0.69 per share, compared to $13.08 million or $0.31 per share last year.
Revenues totaled $122.17 million, up from $72.68 million last year.
Analysts polled by Thomson Reuters expected the company to earn $0.65 per share on revenue of $120.01 million for the fourth quarter. Analysts’ estimates typically exclude special items.
Gross margins for the latest fourth quarter were 68.1 percent, compared with 64.0 percent in the same year-ago quarter.
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by RTT Staff Writer
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