Acme Packet Inc (APKT) 10-K Annual Report March 2008

BURLINGTON, MA. — February 7, 2008 — Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, today announced results for the fourth quarter and fiscal year ended December 31, 2007. The Company also issued its business outlook for the fiscal year ending December 31, 2008. Summary financial results are as follows:

Fiscal Year 2007 Q4:

· Record Quarterly Revenues of $31.4 million, up 32% year-over-year;

· Record Quarterly Earnings Before Income Taxes of $8.7 million, up 29% year-over-year;

Fiscal Year 2007:

· Record Annual Revenues of $113.1 million, up 34% year-over-year;

· Record Annual Earnings Before Income Taxes of $30.9 million, up 22% year-over-year;

Results for the Fourth Quarter of Fiscal Year 2007

Total revenues for the fourth quarter of fiscal year 2007 grew to a record $31.4 million, an increase of 32% compared to $23.7 million in the same period last year. Earnings before taxes for the fourth quarter of fiscal year 2007 grew to a record $8.7 million, an increase of 29% compared to $6.7 million in the same period last year. The Company’s results in the fourth quarter of fiscal year 2007 reflect a fully effective GAAP tax rate of approximately 40% compared to a tax benefit in the same period last year when the Company was able to utilize net operating loss carryforwards and tax credits to offset taxable income. Net income for the fourth quarter of fiscal year 2007 was $5.2 million, or $0.08 per share on a diluted basis, compared to $10.8 million, or $0.18 per share on a diluted basis, in the same period last year. Net income on a non-GAAP(1) basis for the fourth quarter of 2007 was $6.5 million, or $0.10 per share on a diluted basis compared to $6.5 million, or $0.11 per share on a diluted basis in the same

The following information was filed by Acme Packet Inc (APKT) on Thursday, February 7, 2008 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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Material Contracts, Statements, Certifications & more

Acme Packet Inc provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: APKT
CIK: 1130258
Form Type: 10-K Annual Report
Accession Number: 0001047469-08-002683
Submitted to the SEC: Thu Mar 13 2008 4:31:33 PM EST
Accepted by the SEC: Thu Mar 13 2008
Period: Monday, December 31, 2007
Industry: Computer Communications Equipment