Avocent Reports Record Second Quarter Revenue of $159.2 Million
[2008-7-22]
Tag : LCD KVM Console
"Avocent reported improved sales of branded and OEM productsin the second quarter of 2008 and continued sales growth inEuropean and Asian markets compared with the second quarter of lastyear," stated Edwin L. Harper, chairman of AvocentCorporation. "LANDesk sales rose 16% to $31.8 million due toincreased demand, higher contract renewal rates, and growth inaverage contract size. Our Management Systems sales increased 6%from the second quarter of last year due primarily to ongoingstrength in Asia and Europe and increased sales of our secureproducts in the U.S."
"Earlier this week, we announced that Mike Borman joinedAvocent as our new CEO. We believe he is superbly qualified forthis position based on his solid record in transformationalleadership roles at IBM. Under his leadership, we expect to betterleverage our existing products, markets, customer base, andcapabilities to accelerate our growth in IT Operations Managementand build long-term shareholder value," continued Mr. Harper.
Second Quarter Results
Second quarter 2008 operational income, which is income prior torestructuring costs, intangible amortization, and stock-basedcompensation expense, was $18.4 million, or $0.41 per dilutedshare, compared with operational income of $21.1 million, or $0.41per diluted share, in the second quarter of 2007. (See "Use ofNon-GAAP Financial Measures" discussion below.)
"Avocent reported improved sales of branded and OEM productsin the second quarter of 2008 and continued sales growth inEuropean and Asian markets compared with the second quarter of lastyear," stated Edwin L. Harper, chairman of AvocentCorporation. "LANDesk sales rose 16% to $31.8 million due toincreased demand, higher contract renewal rates, and growth inaverage contract size. Our Management Systems sales increased 6%from the second quarter of last year due primarily to ongoingstrength in Asia and Europe and increased sales of our secureproducts in the U.S."
"Earlier this week, we announced that Mike Borman joinedAvocent as our new CEO. We believe he is superbly qualified forthis position based on his solid record in transformationalleadership roles at IBM. Under his leadership, we expect to betterleverage our existing products, markets, customer base, andcapabilities to accelerate our growth in IT Operations Managementand build long-term shareholder value," continued Mr. Harper.
Second Quarter Results
Second quarter 2008 operational income, which is income prior torestructuring costs, intangible amortization, and stock-basedcompensation expense, was $18.4 million, or $0.41 per dilutedshare, compared with operational income of $21.1 million, or $0.41per diluted share, in the second quarter of 2007. (See "Use ofNon-GAAP Financial Measures" discussion below.)
Related News »
In Focus »
footwear exports
Last month, European footwear manufacturers proposed extending anti-dumping measures against ..
B2B Keywords:
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
Feature Products»
Hot Products: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 0-9
-
-
About Us -
Links -
Privacy Policy -
Terms of Use -
Site Map -
Contact Us -
Call Center: 0086-95105561 © 2007 Tootoo.com -
