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Acme Packet Inc (APKT) SEC Filing 10-K Annual report for the fiscal year ending Friday, December 31, 2010

Acme Packet Inc

CIK: 1130258 Ticker: APKT
Exhibit 99.1
(ACME PACKET LOGO)
     
Investor Relations:
  Media and Analyst Contact:
Brian Norris
  CHEN PR
Acme Packet
  Chris Carleton
+1 781.328.4790
  +1 781.672.3115
bnorris@acmepacket.com
  ccarleton@chenpr.com
Acme Packet Reports Record Revenue and Earnings in Fourth Quarter of 2010
Fourth Quarter Revenues of $70.2 million, up 70% Year-Over-Year and 24% Sequentially —
Fourth Quarter GAAP EPS of $0.21 and Non-GAAP1 EPS of $0.26 —
Company Raises 2011 Revenue and Non-GAAP EPS Estimates —
Bedford, Massachusetts — February 1, 2011
— Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, today announced record results for the fourth quarter ended December 31, 2010 and raised its business outlook for 2011. All earnings per share results are on a fully diluted basis unless otherwise noted.
Results for the Fourth Quarter of 2010
Total revenue for the fourth quarter of 2010 was $70.2 million, an increase of 70% compared to $41.3 million in the fourth quarter of 2009 and an increase of 24% compared to $56.6 million in the third quarter of 2010. Net income for the fourth quarter of 2010 was $14.5 million, or $0.21 per share, compared to $9.1 million, or $0.14 per share in the fourth quarter of 2009 and $10.5 million, or $0.15 per share, in the third quarter of 2010. Net income on a non-GAAP1 basis for the fourth quarter of 2010 was $17.9 million, or $0.26 per share, compared to $6.8 million, or $0.11 per share, in the fourth quarter of 2009, and $13.6 million, or $0.20 per share, in the third quarter of 2010.
Results for 2010
Total revenue in 2010 was $231.2 million, an increase of 63% compared to $141.5 million in 2009. Net income in 2010 was $43.0 million, or $0.63 per share, compared to $17.1 million, or $0.28 per share, in 2009. Net income on a non-GAAP1 basis in 2010 was $54.5 million, or $0.80 per share, compared to $21.3 million, or $0.35 per share, in the same period last year.

 


The following information was filed by Acme Packet Inc (APKT) on Tuesday, February 1, 2011 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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SEC Filing Tools
Ticker: APKT
CIK: 1130258
Form Type: 10-K Annual Report
Accession Number: 0000950123-11-015697
Submitted to the SEC: Fri Feb 18 2011 4:03:11 PM EST
Accepted by the SEC: Fri Feb 18 2011
Period: Friday, December 31, 2010
Industry: Computer Communications Equipment

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