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Acme Packet Inc (APKT) SEC Filing 10-Q Quarterly report for the period ending Friday, September 30, 2011

Acme Packet Inc

HISTORY TOOLS
CIK: 1130258 Ticker: APKT
Exhibit 99.1
     
 
  (ACME PACKET LOGO)
Investor Relations Contact:
  Media and Analyst Contact:
Brian Norris
  Mike O’Malley
Acme Packet
  Acme Packet
+1.781.328.4790
  +1.781.869.2975
bnorris@acmepacket.com
  momalley@acmepacket.com
Acme Packet Reports Results for Third Quarter of 2011
– Company Reaffirms 2011 Revenue and Earnings Estimates —
Bedford, Massachusetts — October 20, 2011
— Acme Packet, Inc. (NASDAQ: APKT), the leader in session delivery network solutions, today announced results for the third quarter ended September 30, 2011 and reaffirmed its business outlook for 2011.
Results for the Third Quarter of 2011
Total revenue in the third quarter of 2011 was $70.6 million, compared to $56.6 million in the third quarter of 2010 and $79.7 million in the second quarter of 2011. Net income in the third quarter of 2011 was $7.9 million, or $0.11 per share, compared to $10.5 million, or $0.15 per share, in the third quarter of 2010 and $14.0 million, or $0.20 per share, in the second quarter of 2011. Net income on a non-GAAP1 basis in the third quarter of 2011 was $14.6 million, or $0.21 per share, compared to $13.7 million, or $0.20 per share, in the third quarter of 2010, and $20.4 million, or $0.29 per share, in the second quarter of 2011. All earnings per share results are on a fully diluted basis.
“The fundamentals of our business remain strong, and we remain well positioned to take advantage of the profound shift to Internet-based voice, video and unified communications,” said Andy Ory, President and CEO of Acme Packet, Inc. “We are excited about the new products and partnerships that we have launched to drive the next stage of our growth. We remain confident in our ability to execute on our full year business outlook.”
Company Reaffirms Business Outlook for 2011
The Company today reaffirmed its business outlook for 2011. The Company’s outlook is based on the current indications for its business, which may change at any time. A reconciliation of the Company’s

 

The following information was filed by Acme Packet Inc (APKT) on Thursday, October 20, 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-Q Quarterly 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-Q Quarterly Report
Accession Number: 0000950123-11-092533
Submitted to the SEC: Thu Oct 27 2011 5:20:28 PM EST
Accepted by the SEC: Thu Oct 27 2011
Period: Friday, September 30, 2011
Industry: Computer Communications Equipment

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