OPNET Announces Results for First Quarter of Fiscal 2006
Conference call/Webcast scheduled at 5:00pm EDT, August 1, 2005
BETHESDA, MD - August 1, 2005 -- OPNET Technologies, Inc. (NASDAQ: OPNT), a leading provider of management software for networks and applications, today announced financial results for the first quarter of fiscal 2006. Revenue for the quarter ended June 30, 2005 was $16.5 million compared to $16.8 million for the same quarter in the prior year. Earnings per share for the first quarter of fiscal 2006 was negative $0.02, compared to a positive $0.10 in the same quarter of the prior year.
Marc A. Cohen, OPNET’s Chairman and CEO, stated, “While we are disappointed that our revenue of $16.5 million fell just short of our guidance of $16.6 million to $17.5 million, we are very positive about the future given the level of business activity and the investments we are making. In Q1, our operating margin improved by approximately $400 thousand or 2.1% from the quarter ending March 31, 2005. We maintained stable revenue visibility with our deferred revenue of $15.6 million as of June 30, 2005. Our improved operating margin during Q1 was primarily due to reduced costs associated with Sarbanes-Oxley compliance efforts, which were partially offset by increased legal expenses.” Mr. Cohen continued, “During Q1 we continued to invest in personnel to support our worldwide distribution agreement with Cisco Systems, along with other business opportunities. We believe that our alliance with Cisco represents a significant worldwide opportunity to reach new customers and grow our business, and we believe that the strategic investments we have made in personnel over the last several quarters will enable us to support this new engine of growth.”
Second Quarter Fiscal Year 2006 Financial Outlook
OPNET expects fiscal second quarter revenue to be between $16.0 and $17.2
million and earnings per share to be between negative $0.05 and negative $0.01.
These estimates represent management’s current expectations about the
Company’s future financial performance, based on information available
at this time.
OPNET will hold an investor conference call on Monday, August 1, 2005 at 5:00
pm Eastern Time to review financial results for the first quarter of fiscal
2006.
To listen to the OPNET investor conference call:
- Call 877-407-9205 in the U.S. or 201-689-8054 for international callers , or
- Use the webcast at www.opnet.com, or at www.vcall.com
(click on OPNT under "Today's
VCalls"). Investors are advised to go to the web site at least 15 minutes
early to register, download, and install any necessary audio software.
To listen to the archived call:
- Call the replay phone number at 877-660-6853 or 201-612-7415 for international callers. For replay, enter account # 286, conference ID # 160721. The replay will be available from 7:00 pm Eastern Time August 1st through 11:59 pm Eastern Time August 7th.
- The webcast will be available at www.opnet.com or at www.vcall.com,
archived for seven days.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. is a leading provider of management software for networks and applications. For more information about OPNET and its products, visit www.opnet.com.
OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. ("OPNET") assumes no obligation to update statements. Forward-looking statements are predictions based upon information available to OPNET as of the date of this press release and involve risks and uncertainties; therefore, actual events or results may differ materially. For a discussion of risk factors, see OPNET's reports, including its most recent 10-Q and 10-K, filed with the Securities & Exchange Commission. In particular, OPNET’s estimates of its quarterly financial results discussed in this press release are based on preliminary estimates, and OPNET has not yet completed a full detailed analysis of its financial results for the quarter. Final results could differ from these estimates.
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OPNET Media Contact:
Margarita Castillo
OPNET Technologies, Inc.
(240) 497-3000
Media@opnet.com
www.opnet.com
Computer Associates Contact:
Eric Snow
Computer Associates
(508) 904-2653
eric.snow@ca.com
