Sunday, February 3, 2008

OPNET Posts Quarterly Revenue of $24.5 Million

OPNET Technologies reported revenues of $26 million for its third fiscal quarter ended December 31, 2007,, compared to $24.5 million for the same quarter in the prior fiscal year. Earnings per share for the quarter were negative $0.06, compared to positive $0.14 for the same quarter in the prior fiscal year.

Marc A. Cohen, OPNET's Chairman and CEO, stated, "We are very pleased with our fiscal Q3 sales results. We achieved record quarterly revenue of $26 million while increasing our deferred revenue sequentially by $4.5 million. Both our total revenue and deferred revenue growth were driven by record bookings from our corporate enterprise sales teams, which increased by more than 25% from fiscal Q3 2007, and increased by more than 50% sequentially. Our North American enterprise business was particularly strong, with records in four of six regions. We are also very pleased with the rapid integration into our business of our new appliance-based ACE Live solutions, which was accelerated by our acquisition of certain assets of Network Physics in October of 2007."