Acme Packet Reports Third Quarter EPS of $.20

Acme Packet, Inc. APKT, the leader in session border control solutions, today announced record results for the third quarter ended September 30, 2010 and raised its business outlook for 2010. Results for the Third Quarter of 2010 Total revenue for the third quarter of 2010 was $56.6 million, compared to $36.3 million in the third quarter of 2009 and $53.3 million in the second quarter of 2010. Net income for the third quarter of 2010 was $10.5 million, or $0.15 per share on a diluted basis, compared to $3.6 million, or $0.06 per share on a diluted basis in the third quarter of 2009 and $9.7 million, or $0.14 per share on a diluted basis, in the second quarter of 2010. Net income on a non-GAAP basis for the third quarter of 2010 was $13.6 million, or $0.20 per share on a diluted basis, compared to $5.7 million, or $0.09 per share on a diluted basis, in the third quarter of 2009, and $12.4 million, or $0.18 per share on a diluted basis, in the second quarter of 2010. A reconciliation of GAAP to non-GAAP1 results, and a statement as to the use of non-GAAP1 financial measures, is included at the end of this press release.
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