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VistaPrint Reports Second Quarter of Fiscal Year 2008 Financial Results
Posted Date: 20 Feb 2008 Resource Type: News/Announcements Category: Exam Results
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Posted By: laxman binawade Member Level: Bronze
Rating:  Points: 4
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HAMILTON, Bermuda, Jan. 24, 2008 (PRIME NEWSWIRE) -- VistaPrint Limited (Nasdaq:VPRT), the leading online supplier of high-quality graphic design services and customized printed products to small businesses and consumers, today announced its financial results for the three month period ended December 31, 2007, the second quarter of its 2008 fiscal year.
Revenue for the second quarter of fiscal year 2008 was $105.0 million, an increase of 64 percent when compared to revenue of $64.0 million in the same quarter of fiscal year 2007.
Net income on a GAAP basis for the second quarter of fiscal year 2008 was $11.2 million, which was 10.6 percent of revenue and $0.24 per share on a fully diluted basis. In the same quarter of fiscal year 2007, the Company achieved net income on a GAAP basis of $8.3 million, which was 13.0 percent of revenue and $0.18 per share on a fully diluted basis.
On a non-GAAP basis, excluding share-based compensation expense, adjusted net income for the second quarter of fiscal 2008 was $14.9 million, 14.1 percent of revenue, and $0.32 per fully diluted share. During the same quarter of the prior fiscal year, non-GAAP adjusted net income, excluding share-based compensation expense, was $10.0 million, 15.7 percent of revenue, and $0.22 per fully diluted share.
"VistaPrint delivered an outstanding second quarter: our first with revenue in excess of $100 million and also our first with over a million new customers," said Robert Keane, president and chief executive officer. "Our growth investments continue to generate returns. Two great examples from the second quarter were our growth in Europe and a promising strategic partnership with Intuit." Continuing, Mr. Keane stated, "As always, VistaPrint remains focused on the long term and we look forward to continuing growth, increasing our competitive advantage, and strong profitability."
For more details, visit http://www.bindaaspoll.com/bindaasnews1.aspx?nid=VistaPrint%20Reports%20Second%20Quarter%20of%20Fiscal%20Year%202008%20Financial%20Results
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