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Xilinx profit jumps 21 pct, shares rise
July 17, 2013 / 8:38 PM / 4 years ago

Xilinx profit jumps 21 pct, shares rise

July 17 (Reuters) - Programmable chip maker Xilinx Inc reported a 21 percent jump in quarterly profit as sales rose in its wired communications, aerospace and defense businesses.

Net income rose to $157 million, or 56 cents per share, in the first quarter, compared with $129.8 million, or 47 cents per share, a year earlier.

Revenue fell 1 percent to $579 million.

Xilinx shares rose 5 percent in extended trade after closing at $43.53 on the Nasdaq on Wednesday.

Semiconductor chips made by Xilinx are sold off the shelf and can be programmed by customers.

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