Acme Packet reported Q42007 revenue of $31.4 million, an increase of 32% compared to $23.7 million in the same period last year. Earnings before taxes for the fourth quarter of fiscal year 2007 grew to a record $8.7 million, an increase of 29% compared to $6.7 million in the same period last year.
Total revenues for fiscal year 2007 were $113.1 million, an increase of 34% compared to $84.1 million last year. Earnings before taxes grew to $30.9 million, an increase of 22% compared to $25.4 million last year.
“Our strong fourth quarter results further demonstrates our position as the leader in the session border controller market,” said Andy Ory, President and Chief Executive Officer of Acme Packet, Inc. “By adding over 120 new customers in 2007 our solutions have now been deployed at nearly 500 customers including 82 of the 100 largest service providers in the world. In 2008, we look to leverage our incumbency in the service provider market and expand our presence in the adjacent enterprise, contact center, and wireless markets to drive market share gains and growth in both revenue and earnings.”
2008 Outlook: Acme Packet expects total revenues for fiscal year 2008 to range between $142 million and $147 million. In fiscal year 2008, the Company expects GAAP net income to range between $0.28 and $0.32 per share on a diluted basis and non-GAAP1 net income to range between $0.38 and $0.42 per share on a diluted basis.http://www.acmepacket.com
