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Exhibit 99.1
Investor Relations:
|
Industry Analysts / Trade and Business Press: | |
Brian Norris
|
Carmen Harris | |
Acme Packet
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Connect2 Communications | |
+1 781.328.4790
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+1 919.554.3532 | |
bnorris@acmepacket.com
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carmen@connect2comm.com |
Acme Packet Reports Record Results for Fourth Quarter of 2009
– Company Posts Record Revenue of $41.3 Million and Non-GAAP1 EPS of $0.11 –
–
Company Now Expects 2010 Revenue and Earnings Growth of 30% –
BURLINGTON, MA. – February 2, 2010 — Acme Packet, Inc. (NASDAQ: APKT), the leader in session border
control solutions, today announced record results for the fourth quarter ended December 31, 2009
and raised its business outlook for 2010.
Results for the Fourth Quarter of 2009
Total revenue for the fourth quarter of 2009 was $41.3 million, compared to $30.6 million in the
fourth quarter of last year and $36.3 million in the third quarter of 2009. Net income for the
fourth quarter of 2009 was $9.1 million, or $0.14 per share on a diluted basis, compared to $3.7
million, or $0.06 per share on a diluted basis in the fourth quarter of 2008 and $3.6 million, or
$0.06 per share on a diluted basis, in the third quarter of 2009. Net income on a non-GAAP basis
for the fourth quarter of 2009 was $6.8 million, or $0.11 per share on a diluted basis, compared to
$5.6 million, or $0.09 per share on a diluted basis, in the same period last year, and $5.7
million, or $0.09 per share on a diluted basis, in the third quarter of 2009. A reconciliation of
GAAP to non-GAAP results is included at the end of this press release.
“We are pleased to report strong fourth quarter results which were highlighted by record revenues
and solid earnings growth. Accelerating demand for our solutions over the last year has led to
growing momentum in all areas of the business,” said Andy Ory, President and Chief Executive
Officer of Acme Packet, Inc. “Looking ahead, we now expect to deliver revenue and earnings growth
of approximately 30% in 2010 with operating margin, excluding stock-based compensation and
amortization of acquired intangible assets, approaching 30% by the fourth quarter.”
The following information was filed by Acme Packet Inc (APKT) on Tuesday, February 2, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Acme Packet Inc provided additional information to their SEC Filing as exhibits
SEC Filing Exhibit
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Ticker: APKT
CIK: 1130258
Form Type: 10-K Annual Report
Accession Number: 0000950123-10-022645
Submitted to the SEC: Tue Mar 09 2010 5:20:49 PM EST
Accepted by the SEC: Tue Mar 09 2010
Period: Thursday, December 31, 2009
Industry: Computer Communications Equipment
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