Mellanox Technologies, Ltd. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Fourth Quarter of 2018
For the nine months, the company reported total revenues of $798,673,000 compared to $626,312,000 a year ago. Income from operations was $68,072,000 compared to loss of $10,385,000 a year ago. Income before taxes on income was $68,247,000 compared to loss of $13,924,000 a year ago. Net income was $91,426,000 or $1.68 per diluted share compared to loss of $16,832,000 or $0.34 per basic and diluted share a year ago. Non-GAAP net income was $189,374,000 or $3.57 per diluted share compared to $73,645,000 or $1.44 per diluted share a year ago. Non-GAAP income from operations was $191,584,000 compared to $80,641,000 a year ago. Net cash provided by operating activities was $168,489,000 compared to $94,376,000 a year ago. Purchase of property and equipment was $28,992,000 compared to $35,243,000 a year ago. Purchase of intangible assets was $6,512,000 compared to $1,836,000 a year ago.
For the fourth quarter of 2018, the company expects revenue to be in the range of $280 million to $290 million, non-GAAP gross margins to be in the range of 68.5% to 69.5%, non-GAAP operating expenses to be in the range of $122 million to $124 million.