Chipmaker Xilinx's profit rises 70 percent

Tue Jan 21, 2014 4:36pm EST

Jan 21 (Reuters) - Chipmaker Xilinx Inc reported a 70 percent jump in quarterly profit as sales rose in its wired communications, aerospace and defense businesses.

Net income jumped to $175.9 million, or 61 cents per share, in the third quarter, from $103.6 million, or 38 cents per share, a year earlier.

Revenue rose 15 percent to $586.8 million.

Chips made by Xilinx are sold off the shelf and can be programmed by customers.