Silicom reports Q1 non-GAAP EPS 61c vs. 44c last year

Reports Q1 revenue $37.2M, up 16% vs. $32.1M last year. CEO Liron Eizenman commented, "We are pleased to report a strong Q1 with 16% growth in revenues and 38% growth in our EPS demonstrating the benefit of our leveraged business model. With ongoing profitability and strong cash flow, we have renewed our share buyback program, a clear demonstration of our confidence in our business strategy and our commitment to create shareholder value…During the quarter, we announced three strategic new Edge design wins from leading SD-WAN, SASE and Unified Communication players, each confirming our positioning as the market’s Edge Platform Provider of Choice…Given the strong growth of our target markets, our expanding total addressable market, our proven design win momentum and the leverage inherent in our business model, we believe we are positioned for continued growth in both revenues and profits."