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Acme Packet Reports Record Results for Third Quarter of 2009     29-Oct-09 04:14 pm    
BURLINGTON, Mass.--(BUSINESS WIRE)--Acme Packet, Inc. (NASDAQ: APKT - News), the leader in session border control solutions, today announced its results for the third quarter ended September 30, 2009 and raised its business outlook for the remainder of 2009.

Results for the Third Quarter of 2009

Total revenue for the third quarter of 2009 was $36.3 million, compared to $28.4 million in the third quarter of last year and $32.9 million in the second quarter of 2009. Net income for the third quarter of 2009 was $3.6 million, or $0.06 per share on a diluted basis, compared to $2.0 million, or $0.03 per share on a diluted basis, in the same period last year, and $1.7 million, or $0.03 per share on a diluted basis, in the second quarter of 2009. Net income on a non-GAAP1 basis for the third quarter of 2009 was $5.7 million, or $0.09 per share on a diluted basis, compared to $3.4 million, or $0.05 per share on a diluted basis, in the same period last year, and $4.5 million, or $0.07 per share on a diluted basis, in the second quarter of 2009. Non-GAAP net income1 differs from GAAP net income in the third quarter of 2009 as it excludes stock-based compensation expense and amortization of acquired intangible assets, all net of tax, of $2.1 million, or approximately $0.03 per share. Non-GAAP net income1 differs from GAAP net income in the third quarter of 2008 as it excludes stock-based compensation expense, net of tax, of $1.4 million, or approximately $0.02 per share. Non-GAAP net income1 differs from GAAP net income in the second quarter of 2009 as it excludes stock-based compensation expense, amortization of acquired intangible assets, and merger and integration-related costs, all net of tax, of $2.8 million, or approximately $0.04 per share. Etc.
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