Mellanox Gets Record Ethernet Revenue Boost In Q1
Mellanox Technologies (MLNX) posted double-digit Ethernet growth during the first quarter as it beat Wall Street estimates for the January-to-March period. The Israel-based semiconductor company earned 60 cents a share — adjusted for amortization costs and stock option expenses, up 500% from Q1 2014 and beating by 12 cents estimates of analysts polled by Thomson Reuters. Net income was $13.7 million. Revenue rose 2.8% to $146.7 million. Mellanox