Apple reveals Record Second Quarter Results

apple-logo.jpg

Apple today announced the financial results for its second fiscal 2008 quarter, which ended on March 28th, 2008. The company posted “revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue.”

Apple shipped 2,289,999 Macs during the quarter, representing a 51% growth and 54% revenue growth over the year-ago quarter. 10,644,000 iPods were sold during the quarter, representing 1% unit growth, and quarterly iPhone sales were 1,703,000.

“We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO. “With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.”

“We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.”

Apple’s live financial results conference call will be streaming today at 2:00pm PDT. It will also be available for a replay. Click here to bookmark the link.

No comments yet. Leave one below!

Speak Your Mind

*