Cloud Computing Lifts Mellanox As Networks Need Speed
July 4, 2015
Grazed from TheMarketSurge. Author: Editorial Staff.
Chip designer Mellanox Technologies is banking on newly unveiled innovations to quell doubts and extend its recent flurry of robust earnings deep into 2016. The Israel-based company, a designer of chips used in servers and data storage systems, has generated strong earnings growth in recent quarters, in part on generational upgrades to high-performance data center computers that are equipped with Intel processors.When industry giantIntel ( INTC ) rolls out a new rendition of its Xeon chips, as it did in the second half of 2014 with its so-called “Grantley” performance boost, technology companies tend to invest in the upgrade. When they do this, they often also invest in new auxiliary products such as those created byMellanox ( MLNX )…
In April, Mellanox posted first-quarter earnings per share of 60 cents ex items, a whopping 445% jump from a year earlier, on a 48% surge in revenue to $146.7 million. That followed strong gains in the two previous quarters…
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