[advertise]广告[/advertise]FREMONT, Calif. October 30 2009 -- Oplink Communications, Inc. (Nasdaq:OPLK), a leading provider of design, integration and optical manufacturing solutions (OMS) for optical networking components, modules and subsystems, today reported its financial results for its fiscal 2010 first quarter, ended September 30, 2009.
Revenues for the quarter increased to $33.6 million, compared to $32.4 million reported for the fourth quarter of fiscal 2009. GAAP net income for the first quarter of fiscal 2010 increased to $1.8 million, or $0.09 per diluted share, compared to GAAP net income of $249,000, or $0.01 per diluted share, reported for the fourth quarter of fiscal 2009.
Non-GAAP net income for the first quarter of fiscal 2010 increased to $4.4 million, or $0.21 per diluted share, compared to non-GAAP net income of $3.1 million, or $0.15 per diluted share, reported for the fourth quarter of fiscal 2009. First quarter of fiscal 2010 non-GAAP results exclude $1.6 million in stock compensation and $946,000 in amortization of intangible assets. Fourth quarter of fiscal 2009 non-GAAP results exclude $1.2 million in stock compensation, $952,000 in amortization of intangibles, and a $725,000 loss on the sale of assets.
Oplink generated $9.1 million in cash from operations during the first quarter, and closed the quarter with cash, cash equivalents and short-term investments of $178.7 million.
"We are pleased to report results that are ahead of the outlook we provided," commented Joe Liu, President and CEO of Oplink. "We are winning more advanced OMS business in part based on our component expertise and industry leadership. Oplink has become one of the leading providers of advanced photonic sub-systems product engineering and manufacturing solutions for global long-haul, metro-core and edge equipment companies. Our reputation for executing customer needs positions us to benefit as telecom spending resumes."
Business Outlook
For the quarter ending December 31, 2009, the Company expects to report revenues between $31 million and $35 million and GAAP net income per diluted share of approximately $0.06 to $0.12. On a non-GAAP basis, excluding stock compensation, amortization of intangible assets and other non-cash or non-recurring charges, if any, the Company expects earnings per diluted share for the quarter ending December 31, 2009 of approximately $0.18 to $0.24.
Source:Oplink Communications Inc.