Mellanox Technologies, Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $141,116,000 compared to $105,560,000 a year ago. Income from operations was $13,606,000 compared to loss from operations of $7,957,000 a year ago. Income before taxes was $14,103,000 compared to loss before taxes of $7,656,000 a year ago. Net loss was $4,753,000 or $0.10 per basic and diluted share compared to $7,316,000 or $0.17 per basic and diluted share a year ago. Non-GAAP net income was $27,957,000 or $0.59 per diluted share compared to $9,727,000 or $0.21 per diluted share a year ago. Non-GAAP income from operations was $29,085,000 compared to $9,086,000 a year ago. Cash was provided by operating activities was $45.0 million.

For the year, the company reported total revenues of $463,649,000 compared to $390,436,000 a year ago. Loss from operations was $7,191,000 compared to $20,818,000 a year ago. Loss before taxes was $5,742,000 compared to $19,590,000 a year ago. Net loss was $24,009,000 or $0.54 per basic and diluted share compared to $23,342,000 or $0.54 per basic and diluted share a year ago. Non-GAAP net income was $58,222,000 or $1.25 per diluted share compared to $40,515,000 or $0.89 per diluted share a year ago. Non-GAAP income from operations was $57,809,000 compared to $43,039,000 a year ago. Net cash provided by operating activities was $80,130,000 compared to $51,870,000 a year ago. Purchase of property and equipment was $29,924,000 compared to $30,911,000 a year ago.

For the first quarter 2015, the company expects quarterly revenues of $140 million to $145 million, non-GAAP gross margins of 70% to 71%; and non-GAAP diluted share count of 47.3 million to 47.8 million shares.