Xilinx Announces December Quarter Results; New Product Sales Increase 24% Sequentially

SAN JOSE, Calif. -- Jan. 19, 2006 -- Xilinx, Inc. (Nasdaq: XLNX) today announced net revenues of $450 million in the third quarter of fiscal 2006, up 13% sequentially from the prior quarter and up 27% from the same quarter a year ago. Third quarter net income was $81 million, or $0.23 per diluted share, compared to net income of $86 million or $0.24 per diluted share in the prior quarter.

The tax provision for the third quarter of fiscal 2006 includes a $25.3 million charge related to the planned repatriation of $500 million in foreign earnings pursuant to the provisions of the American Jobs Creation Act of 2004. In addition, the Company recorded a tax benefit of $9.5 million primarily related to the ability to use certain credits that were previously accounted for as unusable. The net impact of these items added $15.8 million to the Company's third quarter tax provision.

Xilinx also announced that its Board of Directors declared a quarterly cash dividend of $0.07 per outstanding share of common stock, payable on March 1, 2006, to all stockholders of record at the close of business on February 8, 2006.

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