CAREERS

  • 04/27/2007
    12:58 AM
  • Network Computing
  • News
  • Connect Directly
  • Rating: 
    0 votes
    +
    Vote up!
    -
    Vote down!

Emulex Reports Results

Emulex Corporation announced results for its third fiscal quarter ended April 1, 2007

COSTA MESA, Calif. -- Emulex Corporation (NYSE:ELX), today announced results for its third fiscal quarter ended April 1, 2007.

Third Quarter Financial Highlights

  • Revenues of $120.2 million, a 35% increase year over year and a 1% sequential decrease which exceeded January guidance of $115-$119 million

  • GAAP gross margins of 59% and non-GAAP gross margins of 65%

  • GAAP net income of $11.4 million, or 9% of revenue, and non-GAAP net income of $23.8 million, or 20% of revenue

  • GAAP net income per diluted share of $0.13 and non-GAAP net income per diluted share of $0.27, exceeding January guidance of $0.24 to $0.26

  • Accounts and other receivables decreased sequentially by $3.8 million to $60.2 million and Days Sales Outstanding improved sequentially to 42 days from 47 days

Log in or Register to post comments