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Exhibit 99.1
Investor Relations Contact: Brian Norris Acme Packet +1.781.328.4790 bnorris@acmepacket.com |
Media and Analyst Contact: Mike OMalley Acme Packet +1.781.869.2975 momalley@acmepacket.com |
Acme Packet Reports Results for Fourth Quarter of 2011
Fourth Quarter Revenues of $83.0 million, up 18% Year-Over-Year
Revenues of $307.3 million in 2011, up 33% over 2010
Bedford, Massachusetts February 2, 2012 Acme Packet, Inc. (NASDAQ: APKT), the leader in session delivery network solutions, today announced results for the fourth quarter and full year ended December 31, 2011. All earnings per share results are on a fully diluted basis.
Results for the Fourth Quarter of 2011
Total revenue for the fourth quarter of 2011 was $83.0 million, an increase of 18% compared to $70.2 million in the fourth quarter of 2010 and an increase of 18% compared to $70.6 million in the third quarter of 2011. Net income for the fourth quarter of 2011 was $8.7 million, or $0.12 per share, compared to $14.5 million, or $0.21 per share, in the fourth quarter of 2010 and $7.9 million, or $0.11 per share, in the third quarter of 2011. Net income on a non-GAAP1 basis for the fourth quarter of 2011 was $18.3 million, or $0.26 per share, compared to $18.1 million, or $0.26 per share, in the fourth quarter of 2010, and $14.6 million, or $0.21 per share, in the third quarter of 2011.
Results for 2011
Total revenue in 2011 was $307.3 million, an increase of 33% compared to $231.2 million in 2010. Net income in 2011 was $44.4 million, or $0.63 per share, compared to $43.0 million, or $0.63 per share, in 2010. Net income on a non-GAAP1 basis in 2011 was $72.3 million, or $1.02 per share, compared to $55.0 million, or $0.81 per share, in the same period last year.
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Ticker: APKT
CIK: 1130258
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-067567
Submitted to the SEC: Fri Feb 17 2012 4:43:55 PM EST
Accepted by the SEC: Fri Feb 17 2012
Period: Saturday, December 31, 2011
Industry: Computer Communications Equipment