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Acme Packet Inc (APKT) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2012

Acme Packet Inc

CIK: 1130258 Ticker: APKT

Exhibit 99.1

 

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Investor Relations Contact:

Brian Norris

Acme Packet

+1.781.328.4790

bnorris@acmepacket.com

  

Media and Analyst Contact:

Mike O’Malley

Acme Packet

+1.781.869.2975

momalley@acmepacket.com

Acme Packet Reports Results for Second Quarter of 2012

Bedford, Massachusetts – July 26, 2012 — Acme Packet, Inc. (NASDAQ: APKT), the leader in session delivery network solutions, today announced results for the second quarter of 2012 and updated its business outlook for 2012. All earnings per share results are on a fully diluted basis.

Results for the Second Quarter of 2012

Total revenue for the second quarter of 2012 was $67.6 million, compared to $79.7 million in the second quarter of 2011 and $70.8 million in the first quarter of 2012. GAAP net loss for the second quarter of 2012 was $0.1 million, or ($0.00) per share, compared to GAAP net income of $14.0 million, or $0.20 per share, in the second quarter of 2011 and GAAP net income of $2.4 million, or $0.03 per share, in the first quarter of 2012. Net income on a non-GAAP1 basis for the second quarter of 2012 was $9.5 million, or $0.13 per share, compared to $20.4 million, or $0.29 per share, in the second quarter of 2011, and $12.2 million, or $0.17 per share, in the first quarter of 2012.

Updated Business Outlook for 2012

The Company today updated its business outlook for 2012. 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 expected GAAP to non-GAAP business outlook, and a statement as to the use of non-GAAP financial measures, is included at the end of this press release.

 

Estimate

   Business Outlook for Year
Ending December 31, 2012

Total revenue (in millions)

   $270-$275

GAAP EPS

   ($0.11)-($0.07)

Non-GAAP1 EPS

   $0.43-$0.47


The following information was filed by Acme Packet Inc (APKT) on Thursday, July 26, 2012 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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Definitive Proxy Statement (Form DEF 14A)
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Acme Packet Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

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  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Ticker: APKT
CIK: 1130258
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-12-338097
Submitted to the SEC: Mon Aug 06 2012 5:27:35 PM EST
Accepted by the SEC: Mon Aug 06 2012
Period: Saturday, June 30, 2012
Industry: Computer Communications Equipment

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