OPNET Announces Record Financial Results for Second Quarter of Fiscal 2011
December Dividend Set at $0.10 Per Share
The Company also announced today a quarterly dividend of $0.10 per share, which represents one quarter of the Company's fiscal 2011 annual dividend target of $0.40, payable on December 21, 2010 to stockholders of record as of the close of business on December 7, 2010.
Marc A. Cohen, OPNET's Chairman and CEO, stated, "We are very pleased to report strong sales execution during our second fiscal quarter. Our application performance management (APM) products continue to drive sales growth and profitability, and allowed us to achieve financial records including total revenue of $36.1 million, product revenue of $17.7 million, and operating income of $4.7 million. APM product sales accounted for 73% of our total product bookings during the quarter, and increased 46% over the same quarter last year and 56% sequentially."
** The full release, including financials, is available by clicking on the pdf attached.