Altiris 2Q profit falls on expenses
JUL. 31 5:35 P.M. ET Altiris Inc., which makes software to help businesses manage technology systems, said Monday its second quarter profit declined 38 percent due to costs related to technology acquisitions and stock options expenses.
BusinessWeek Online
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Altiris (ATRS) Reports Q2 EPS, Announces $50 Million Stock Buyback
Altiris (Nasdaq: ATRS) reports Q2 non-GAAP EPS of $0.25 (GAAP of $0.10), 9 cents better than estimates.(0.16) Revenues were $55.6 million vs. $52.64 million consensus.
Altiris also announced that the Board of Directors of the Company authorized the repurchase of up to $50 million of the Company's outstanding common stock. The Company intends to accomplish such repurchases by implementing a share repurchase program.
StreetInsider.com
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Altiris Reports Strong Financial Results for Q2 of Fiscal Year 2006; Company Announces $50 million Stock Repurchase Program
SALT LAKE CITY--(BUSINESS WIRE)--July 31, 2006--Altiris, Inc. (Nasdaq:ATRS), a pioneer of service-oriented management solutions, today announced financial results for the second quarter of fiscal year 2006, ended June 30, 2006.
For the second quarter, total revenue increased 20 percent over the prior year to $55.6 million. Net income for the second quarter was $2.8 million, or $0.10 per diluted share, including charges of $1.7 million for the amortization of acquired intellectual property, $995,000 for amortization of intangible assets, and $3.3 million in share-based compensation as required by FAS 123R.
Non-GAAP net income increased strongly to $7.3 million, or $0.25 per diluted share, from $1.9 million, or $0.07 per diluted share, reported in the second quarter of 2005. Non-GAAP net income excludes the above-mentioned charges and applies a tax rate of 35 percent.
The Company closed the second quarter with $168.3 million in cash and investments.
BusinessWire.com
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Altiris Inc. Is Rising On Q2 Earnings News
Altiris Inc. (ATRS | charts | news | PowerRating) reported second quarter EPS of $0.25 after the close on Monday, compared to the $0.07 reported last year. The company's Board of Directors also authorized the repurchase of up to $50 million of its outstanding common stock. The stock is now trading higher by 1.64 on 34K shares on Inet.
TradingMarkets.com
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