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Apple reports revenue grows 34% year-over-year
April 19, 2006 - 16:36 PDT
Apple today announced financial results for its fiscal 2006 second quarter ending April 1, 2006. The company posted revenue of US$4.36 billion and a net quarterly profit of $410 million, or $.47 per diluted share. These results compare to revenue of $3.24 billion and a net profit of $290 million, or $.34 per diluted share, in the year-ago quarter. Gross margin was 29.8 percent, equivalent to the year-ago quarter. International sales accounted for 43% of the quarter's revenue. Apple shipped 1,112,000 Macintosh computers and 8,526,000 iPods during the quarter, representing 4% growth in Macs and 61% growth in iPods over the year-ago quarter.
"We're very pleased to report the second highest quarterly sales in Apple's history, resulting in year-over-year revenue growth of 34 percent and earnings growth of 41 percent," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the third quarter of fiscal 2006, we expect revenue of about $4.2 to $4.4 billion. We expect GAAP earnings per diluted share of about $.39 to $.43, including an estimated $.04 per share expense impact from non-cash stock-based compensation, translating to non-GAAP EPS of about $.43 to $.47."
Apple will provide live audio streaming of its FY 06 Second Quarter Results Conference Call (5:00 p.m. ET) utilizing it’s QuickTime multimedia software. The live audio webcast will be accessible through Apple’s web site at http://www.apple.com/quicktime/qtv/earningsq206/. Viewers simply need a copy of QuickTime 6 or QuickTime 7 to listen to the conference call.
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