Shares of Xilinx, Inc. (NASDAQ:XLNX) ended Friday session in red amid volatile trading. The shares closed down -1.31 points or -2.45% at $52.08 with 253.48 million shares getting traded. Post opening the session at $52.97 the shares hit an intraday low of $51.98 and an intraday high of $53.16 and the price vacillated in this range throughout the day. The company has a market cap of $12.88 billion and the numbers of outstanding shares have been calculated to be 253.48 million shares.
Xilinx, Inc. (XLNX) on July 27, 2016 announced first quarter fiscal 2017 sales of $575 million, up 1% sequentially, and up 5% from the first quarter of the prior fiscal year. First quarter net income was $163 million, or $0.61 per diluted share.
“Xilinx continues to deliver on technology leadership and execution. Sales from our 28nm product family achieved a new record during the quarter. Momentum from our 20nm products continued to be strong, with sales easily surpassing our $30 million target. In addition, 16nm products continued to gain exceptional customer adoption with all three Ultrascale+ product families shipping to over 100 customers in a broad base of end markets,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “Profitability was stronger than expected during the quarter. Gross margin of 70.7% was up from 69.2% in the prior quarter, primarily as a result of operational efficiencies and mix. Operating margin was 32.4%, driven by better gross margin and controlled operating expenses.”
Business Outlook – September Quarter Fiscal 2017
- Sales are expected to be approximately flat sequentially.
- Gross margin is expected to be approximately 70%.
- Operating expenses are expected to be approximately $230 million including $1 million of amortization of acquisition-related intangibles.
- Other income and expenses are expected to be a net expense of approximately $4 million.
- Fully diluted share count is expected to be approximately 266 million.
- September quarter tax rate is expected to be approximately 14%.
Shares of Cerner Corporation (NASDAQ:CERN) ended Friday session in red amid volatile trading. The shares closed down -1.92 points or -2.99% at $62.22 with 337.71 million shares getting traded. Post opening the session at $63.66 the shares hit an intraday low of $62.14 and an intraday high of $66.97 and the price vacillated in this range throughout the day. The company has a market cap of $20.38 billion and the numbers of outstanding shares have been calculated to be 337.71 million shares.
On Sept. 07, 2016 – The Los Angeles County Department of Health Services (LACDHS), in collaboration with the California PRIME Project (1115 MediCal waiver), has expanded its relationship with Cerner, a global leader in health care technology, to implement its population health management platform, HealtheIntentSM. LACDHS is Cerner’s 100th HealtheIntent client.
HealtheIntent is a source-agnostic, near real-time population health management platform designed to aggregate and normalize data from multiple sources. The platform is designed to enable thousands of LACDHS clinicians to make more informed decisions by providing a comprehensive profile of an individual and the entire population. This comprehensive profile can be used to proactively identify gaps in care and analyze population and enterprise data through use of HealtheRegistriesSM and HealtheEDWSM, Cerner’s registries and scorecards and enterprise data warehouse solutions.
“Our goal is to improve the health of the community that DHS serves, moving it to the highest standard possible,” said Dr. Robert Bart, chief medical information officer, LACDHS. “Cerner has established a standardized and integrated countywide EHR system to support the delivery of high-quality care, and we’re confident that the addition of Cerner’s population health management expertise will help us continue to reach our goals.”
Cerner is the EHR supplier for the county’s four acute centers – Harbor-UCLA Medical Center, Los Angeles County + USC Medical Center, Olive View-UCLA Medical Center and Rancho Los Amigos National Rehabilitation Center – as well as for multiple health centers that are composed of hundreds of outpatient clinics. Los Angeles County + USC Medical Center is one of the largest and busiest emergency departments in the country.
“Cerner is honored to help LA County’s Department of Health Services, a very robust government health organization that serves a vast community, manage the health of its population,” said Zane Burke, president of Cerner. “We’re excited to continue our relationship through the implementation of our population health management platform to deliver deeper insights and more impactful outcomes.”