WASHINGTON (dpa-AFX) - Acme Packet Inc. (APKT) reported that its second-quarter net income increased to $14.0 million or $0.20 per share from $9.7 million or $0.14 per share last year.
Total revenue increased to $79.7 million from $53.3 million prior year.
Adjusted net income was $20.4 million or $0.29 per share compared to $12.5 million or $0.19 per share prior year.
Analysts polled by Thomson Reuters expected the company to report profit of $0.27 per share on revenue of $76.86 million. Analysts' estimates typically exclude special items.
Acme Packet raised its business outlook for 2011.
The company now expects 2011 revenue in the range of $315 million-$320 million; up from prior outlook range of $310 million-$315 million.
The company now expects 2011 adjusted earnings per share in the range of $1.14-$1.18; up from prior outlook range of $1.10-$1.15.
Analysts currently expect the company to report profit of $1.16 per share on revenue of $322.65 million.
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