Mellanox results: down 22% in 2013
30 January, 2014
For the year ended December 31, 2013, Mellanox's revenue was $390.9 million, a decrease of 22.0 percent from revenue of $500.8 million reported in 2012
Mellanox Technologies, a supplier of end-to-end connectivity solutions for servers and storage systems, announced financial results for its fourth quarter and fiscal year 2013.
The company reported revenue of $105.5 million for the fourth quarter, up 1.4 percent from $104.1 million in the third quarter of 2013, and down 13.6 percent from $122.1 million in the fourth quarter of 2012. For the year ended December 31, 2013, revenue was $390.9 million, a decrease of 22.0 percent from revenue of $500.8 million reported in 2012.
“We believe that approximately $50 million of revenue that was shipped in 2012 was actually deployed in 2013. We acquired two companies in 2013 and believe that these technologies will be important building blocks for our future solutions,” said Eyal Waldman, president and CEO of Mellanox Technologies.
“Throughout the year, we worked with many new and existing partners on programs for our InfiniBand and Ethernet interconnect technologies, and in particular, we saw increased adoption of our Ethernet products. We believe that the trends that we see in the market today will result in multiple opportunities for Mellanox in the future.”
Last month the company announced that its dual port ConnectX®-3 10/40GbE Network Interface Cards (NICs) are now fully compatible with qualified Dell PowerEdge servers and Dell networking solutions. The Dell solutions with Mellanox dual port 10/40GbE NICs help customers increase mobility and scalability with lower CPU overhead and cloud application costs.
The solution is designed to reduce CAPEX and OPEX by streamlining hardware and simplifying management while delivering industry leading performance and power efficiency.