Software Maker Reports Quarterly, Annual ProfitsTuesday, March 13, 2012
Accelrys Inc., a San Diego maker of software that helps scientific and research and development companies, reported 2011 fourth-quarter net income of $14.2 million on revenue of $39.8 million. That compared with a net loss of $15.6 million on revenue of $42.5 million for the like quarter of 2010, the company announced March 6.
For the full year, Accelrys reported net income of $1.76 million on revenue of $144.3 million, compared with a net loss of $22.9 million on revenue of $100.9 million for all of 2010.
Accelrys said its financial results for the fourth quarter and year were affected by two acquisitions last year, a merger it completed in 2010, and by other nonrecurring acquisition related and restructuring costs.
The company forecast its revenue on a non-generally accepted accounting principles basis to finish in a range of $164 million to $170 million, and non-GAAP diluted earnings per share to be between 32 cents and 34 cents.
— Mike Allen