Xilinx grows revenues 4% sequentially and profits 5%.

Xilinx’s calendar Q1 revenues were up 4% on Q410 at $587.9m, and net profit was up 5% at $160m.

"In fiscal 2012, we will continue to demonstrate clear 28-nm technology leadership with our game changing product strategy,” said CEO Moshe Gavrielov, “Xilinx was the first PLD company to tape out 28-nm product, the first to deliver 28-nm silicon to customers, and the first and only company to demonstrate working 28-nm silicon at the recent NAB Conference and Globalpress Electronics Summit. We have already taped out three 28-nm FPGAs thus far and we continue to expect the product rollout at this technology node to be the fastest in our history."

Q1 European revenues grew 40% Q1 on Q4, and 35% on Q110. 

Gross margin was 65.4%; operating margin was 33.6%, compared to  23.6% in Q110.

For calendar Q2, Xilinx expects sales to between flat and 4%.