Dolby Reports Q4 and Full Year Results, Achieves Record Profitability for the Year

Posted by Joe Zaller
Nov 04 2010

Dolby Labs reported today that its revenue for the fourth quarter of its fiscal 2010 was $228.7m, an increase of 39% versus the 4th quarter of 2009.   Fourth quarter GAAP net income was $65m, an increase of 47% compared to the same period a year ago.

During the quarter, licensing revenues grew 29% to $178.4m, and product revenue doubled to $40.3m.

For the full fiscal year the company said that its revenue grew 28% to $922.7m, compared to $719.5m million for fiscal year 2009.  Fiscal year GAAP net income was $283.4 million, 17% higher than in fiscal 2009.

For the full year, licensing revenue grew by 19% to $594.7m, while product revenue jumped 88% to $180.4m.

Company president & CEO Kevin Yeaman said he was pleased with the results, saying.  “We finished the year with record revenue and profitability while continuing to extend our multi-channel formats to the online ecosystem.”

The company issued guidance for fiscal 2011, saying that it is targeting revenue of $950m to $990m with total gross margin of approximately 88 percent on a GAAP basis. 

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You can read the full Dolby Q4 and FY 2010 press release here.

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