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Primeur weekly 2019-11-04

Focus

European Processor Initiative to develop Common Platform for general purpose microprocessor and accelerators for exascale machines and automotive industry ...

Video registration of the presentation "The UK Exascale Project" by Mark Parsons at the HPC User Forum in Edinburgh ...

Exascale supercomputing

Cray introduces ClusterStor E1000 storage to fuel converged workloads of the Exascale Era ...

Quantum computing

ColdQuanta Awarded $2.8M from the U.S. Government to Advance its Quantum Core Technology ...

Focus on Europe

Gauss Centre for Supercomputing supports German student team in the SC19 Student Cluster Competition ...

Joris van Eijnatten appointed director of Netherlands eScience Center ...

Eni announces plans for a new supercomputer at the Green Data Center ...

European Processor Initiative to present its first year of activities ...

Hardware

Powerful new supercomputer supports campus research in physical sciences ...

BittWare and Achronix Announce Strategic Collaboration and Introduction of Enterprise-class PCIe Accelerator Product Featuring 7nm Speedster7t FPGA ...

Pavilion Achieves VMware Ready Status for Its Hyperparallel Flash Array ...

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

Supermicro delivers performance boost to high-density, entry-level, and embedded servers with the new Intel Xeon E-2200 processors ...

Atos enhances scientific research at the University of the Balearic Islands with its BullSequana X supercomputer ...

Applications

Barcelona Supercomputing Center to collaborate in an ESA project for the provision of Generative Artificial Intelligence in space domain ...

Supercomputer analyzes web traffic across entire internet ...

Energy Department announces $4 million for High Performance Computing for Energy Innovation  ...

Marvell joins Green Computing Consortium ...

Predictive Science Inc. researchers use SDSC's Comet supercomputer for flu forecasting models ...

Mellanox delivers record revenue for the third quarter of 2019

30 Oct 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 third quarter ended September 30, 2019.

“Mellanox delivered record revenue and cash flow from operations in the third quarter, with growth across all our major product lines. Sales of our Ethernet adapter solutions grew 28% quarter-over-quarter, and continue to lead the market for data rates of 25 gigabit per second and above. We started shipping ConnectX-6 Dx, the world's first 200 gigabit per second Ethernet adapter with built in crypto acceleration, which will allow security to be deployed throughout enterprise and cloud data centers. We are also seeing healthy adoption of our Ethernet switches across a broad range of data center applications, including hyperscale, Cloud, storage, and financial markets, resulting in 25% growth over the prior quarter", stated Eyal Waldman, president and CEO of Mellanox Technologies.

"Our InfiniBand solutions grew as well, driven by the ramp of our 200 gigabit per second HDR solutions in the high performance computing, artificial intelligence, Cloud, and storage market segments. As one key example, Microsoft is now offering InfiniBand HDR connected nodes in the Azure Cloud for high performance computing workloads", continued Eyal Waldman. "We are pleased with the strong traction of our adapters and switches in the data centre, as well as our solid financial results for the third quarter."

Third quarter 2019 highlights include the following:

  • Revenue of $335,3 million in the third quarter, an increase of 20,1 percent, compared to $279,2 million in the third quarter of 2018.
  • GAAP gross margins of 64,9 percent in the third quarter, compared to 65,8 percent in the third quarter of 2018.
  • Non-GAAP gross margins of 68,1 percent in the third quarter, compared to 69,6 percent in the third quarter of 2018.
  • GAAP operating income of $48,9 million in the third quarter, compared to $39,5 million in the third quarter of 2018.
  • Non-GAAP operating income of $95,1 million in the third quarter, or 28,4 percent of revenue, compared to $73,2 million, or 26,2 percent of revenue in the third quarter of 2018.
  • GAAP net income of $44,2 million in the third quarter, compared to $37,1 million in the third quarter of 2018.
  • Non-GAAP net income of $93,9 million in the third quarter, compared to $71,4 million in the third quarter of 2018.
  • GAAP net income per diluted share of $0,78 in the third quarter, compared to $0,68 in the third quarter of 2018.
  • Non-GAAP net income per diluted share of $1,69 in the third quarter, compared to $1,33 in the third quarter of 2018.
  • $130,0 million in cash provided by operating activities in the third quarter, compared to $66,4 million in the third quarter of 2018.
  • Cash, cash equivalents and short-term investments totaled $742,5 million at September 30, 2019, compared to $610,6 million at June 30, 2019.

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. 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 2019-11-04

Focus

European Processor Initiative to develop Common Platform for general purpose microprocessor and accelerators for exascale machines and automotive industry ...

Video registration of the presentation "The UK Exascale Project" by Mark Parsons at the HPC User Forum in Edinburgh ...

Exascale supercomputing

Cray introduces ClusterStor E1000 storage to fuel converged workloads of the Exascale Era ...

Quantum computing

ColdQuanta Awarded $2.8M from the U.S. Government to Advance its Quantum Core Technology ...

Focus on Europe

Gauss Centre for Supercomputing supports German student team in the SC19 Student Cluster Competition ...

Joris van Eijnatten appointed director of Netherlands eScience Center ...

Eni announces plans for a new supercomputer at the Green Data Center ...

European Processor Initiative to present its first year of activities ...

Hardware

Powerful new supercomputer supports campus research in physical sciences ...

BittWare and Achronix Announce Strategic Collaboration and Introduction of Enterprise-class PCIe Accelerator Product Featuring 7nm Speedster7t FPGA ...

Pavilion Achieves VMware Ready Status for Its Hyperparallel Flash Array ...

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

Supermicro delivers performance boost to high-density, entry-level, and embedded servers with the new Intel Xeon E-2200 processors ...

Atos enhances scientific research at the University of the Balearic Islands with its BullSequana X supercomputer ...

Applications

Barcelona Supercomputing Center to collaborate in an ESA project for the provision of Generative Artificial Intelligence in space domain ...

Supercomputer analyzes web traffic across entire internet ...

Energy Department announces $4 million for High Performance Computing for Energy Innovation  ...

Marvell joins Green Computing Consortium ...

Predictive Science Inc. researchers use SDSC's Comet supercomputer for flu forecasting models ...