Revenue was $528 million, an increase of 11 percent compared to the first quarter of fiscal 2011. GAAP operating margin was 15 percent, compared to 11 percent in the first quarter of fiscal 2011. Non-GAAP operating margin was 23 percent, compared to 20 percent in the first quarter of fiscal 2011. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. GAAP diluted earnings per share were $0.29, compared to $0.16 in the first quarter of fiscal 2011. Non-GAAP diluted earnings per share were $0.40, compared to $0.29 in the first quarter of fiscal 2011. Cash flow from operating activities was $128 million, compared to $139 million in the first quarter of fiscal 2011 and $176 million in the fourth quarter of fiscal 2011. Read more
