Feeds

Mellanox recovering but wheezing

Good revenue rise, smaller profit

High performance access to file storage

InfiniBand supplier Mellanox is making profits as the recession eases, but much less than before.

The company, like competitor Voltaire, is embracing 10gigE alongside InfiniBand, and the greater competition in the Ethernet market means it has to work harder to stay afloat.

In its fourth 2009 quarter revenues were $35.5m, a 41 per cent increase on the year-ago quarter's $25m. However, profits of $4.3m were down on the final 2008 quarter's $8m. So revenues up 41 per cent, profits down 46 per cent - it's got its work cut out.

Full year figures were less extreme; revenues were $116m, an increase of 7.7 per cent on 2008's $107.7m. Net income was $12.9m, a 42 per cent fall. Gross margins look good, at 75.6 per cent for the fourth 2009 quarter and 75.3 per cent for the year.

But a lot of things must happen to turn a gross margin level other companies would kill for into such depressing profits figures after good revenue rises. ®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.