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Tuesday, March 19, 2024

UPDATE: Acme Packet Lowers 2011 Revs $308M-$310M from Prior Outlook of $315M-$320M and versus $317.9M Est

Courtesy of Benzinga.

Based on preliminary full year estimates which are subject to change, the Company expects:

Total revenues for 2011 to range between $308 million and $310 million compared to its earlier outlook of between $315 million and $320 million.

Earnings per share on a GAAP basis for 2011 to range between $0.66 and $0.68 compared to its earlier outlook of between $0.78 and $0.82

Earnings per share on a non-GAAP1 basis for 2011 to range between $1.03 and $1.05 compared to its earlier outlook of between $1.14 and $1.18

Cash and cash equivalents to be approximately $372 million, compared to $338 million at the end of the third quarter. “Our results were impacted by uncertainty in the North American service provider market,” said Andy Ory, President and Chief Executive Officer of Acme Packet, Inc. “Outside of the North American service provider market, Acme Packet continued to perform very well – particularly in our enterprise business as well as in our Europe and Latin America businesses. Looking ahead, we believe we are very well positioned to leverage the broad, multi-year, secular growth drivers associated with the global transition from TDM to IP for real time communications like voice and video.”

“Heading into 2012, we are very focused on improving our visibility and the level of predictability in the business in the backdrop of the current North American service provider capital expenditure environment,” said Peter J. Minihane, Chief Financial Officer of Acme Packet, Inc.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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