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Blue Coat Systems Inc Shows $23.6 Million Profit
By mmanish on Business News | Friday May 28, 2010 09:48 am
Blue Coat Systems Inc presented its fourth quarter report where it showed a profit of 49 cents a share or $23.6 million. This was in comparison to the loss suffered by the company of an amount of 9 cents a share or $3.5 million in the last year. In the latest quarter it can be said that on an adjusted basis the Company earned around40 cents a share.

The revenue no doubt climbed high from $113.6 million to $132.6 million. For the latest quarter, it was expected that the revenue would be around $126 million from $121 million.  It was expected by the analysts of the company that it would report an earning of 40 cents per share on the total revenue of $132.67 million. It was also expected that the earnings would be around 21 cents to 26 cents a share.

Thus it can be seen that on an adjusted basis the quarterly earnings would be of 35 cents to 40 cents a share. Currently the company expects a net income of 0.35 to $0.40 per share. It is also expected by the analysts that on the revenue of $132.10 million, there would be adjusted earnings of40 cents per share.    

The senior vice president of Blue Coat Systems Inc, Gordon C. Brooks claims that the strong financial results of the company were reported across several metrics like gross margin, revenue, cash flow as well as the operating profitability. He also said that the non-GAAP gross margin of the company increased to 78.7%.

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