Silicom (SILC) Tops Q1 EPS by 4c, Beat on Revenues

Silicom (NASDAQ: SILC) reported Q1 EPS of $0.52, $0.04 better than the analyst estimate of $0.48. Revenue for the quarter came in at $25.3 million versus the consensus estimate of $23.86 million.

Mr. Orbach continued,"In March, we were excited to announce the largest Design Win in our history, reflecting our selection by one of the Cloud industry's major players to deliver a critical connectivity component for its Cloud offerings. Based on the customer's guidance, once we move past final scale-up challenges, we expect this Win to build to over $30 million per year. We also believe it will pave the way to additional large opportunities.

For earnings history and earnings-related data on Silicom (SILC) click here.

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