Earnings Call Excerpt
Oplink Communications, Inc. (OPLK)
F4Q09 (Qtr End 6/30/09) Earnings Call
August 6, 2009 5:00 pm ET
Executives
Matthew Hunt - IR, The Blueshirt Group
Joe Liu - Chief Executive Officer
Shirley Yin - Chief Financial Officer
Analysts
Paul Bonenfant - Morgan Keegan
Sven Eenmaa - Thomas Weisel Partners
Sam Kingston - Pemige Capital
Christopher Longiaru - Sidoti & Company
Presentation
Operator
Welcome to the Oplink Communications fourth quarter and 2009 financial results conference call. (Operator Instructions)
I would like to turn the conference over to the host, Matt Hunt. Please go ahead.
Matt Hunt
Good afternoon, ladies and gentlemen. Thank you for joining us on today's conference call to discuss Oplink's fourth quarter fiscal 2009 financial results. This call is being simultaneously webcast in the Investor Relations section on the company's website at oplink.com.
Joining me on the call today are, Joe Liu, President and CEO of Oplink, and Shirley Yin, CFO of Oplink.
Before we get started, I would like to remind you that the following discussion contains forward-looking statements that involve risks and uncertainties and that Oplink's actual results may vary materially from those discussed here. Information concerning factors that could cause actual results to differ from forward-looking statements can be found in Oplink's periodic filings with the SEC.
The forward-looking statements made on this conference call are based on current expectations and Oplink assumes no responsibility to and does not intend to update or revise them, whether as a result of new developments or otherwise.
Now, I would like to turn the call over to Joe Liu, President and CEO of Oplink.
Joe Liu
Thank you, Matt. Hello and thank you for joining us today as we report our fourth quarter and fiscal year 2009 results. For the fourth quarter, we reported total revenue of $32.4 million, a modest sequential increase over $30.8 million and slightly above the outlook we provided last quarter.
We achieved non-GAAP net income per diluted share that was ahead of our outlook for the quarter at $0.15, up from $0.10 per share in the prior quarter. We generated $11.3 million from operations and added to our already strong cash balance, closing the year with $168.7 million in cash, cash equivalents, short and long-term investments.
We did this while continuing to invest in new product capabilities, R&D facilities in China, and also including the expansion of our Zhuhai campus' second dormitory for manufacturing personnel.
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