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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 Companys outlook is based on the current indications for its business, which may change at any time. A reconciliation of the Companys 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.
|Business Outlook for Year|
Ending December 31, 2012
Total revenue (in millions)
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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