Mellanox quarterly revenues: $ 251 million

Mellanox, the chip company from Yokneam, finished the quarter with revenues of $ 251 million, compared to $ 188.7 million in the corresponding quarter, a 33% growth. Mellanox beat analysts' forecasts of $ 244 million in the top row.
 Operating income was $ 52.1 million, or 20.8% of revenue, compared with $ 15.7 million, or 8.3% of revenue for the first quarter of 2017.
 Mellanox posted a net profit of $ 51.4 million, after $ 14.7 million in the parallel quarter, and above analysts' expectations of $ 44 million. Net earnings per share were 98 cents, above expectations of 85 cents per share.
The good news that were included in the reports were an increase in the forecast for the whole year. Mellanox now expects revenues of $ 1.03 to $ 1.05 billion with operating profitability of 21% to 22%.

CEO Eyal Waldman said that the record financial performance in the first quarter is the result of a successful growth strategy and has been a year of meticulous planning of technology research and development investments, which is quickly becoming the standard of industry in markets around the world. " Waldman responded indirectly to the criticism that the Starbord Foundation gave to the leadership of the current company. Waldman added: "We raised the forecast for 2018 on the basis of our forecast of growth in the market trends as we enter the second quarter."