Dolby Laboratories Reports First Quarter Fiscal 2012 Results

Posted by Joe Zaller
Feb 01 2012

Dolby announced that its revenue for the first quarter of its 2012 fiscal year was $233.4m, down 4% versus the same period a year ago, and down 4% versus the previous quarter. GAAP net income in the fourth quarter was $73.2m, down 15% from $86.4m last year.  Despite the company’s declining revenue and net income, the results exceeded the consensus expectations of equity analysts.

Licensing revenue during the quarter was $199.6m, an increase of 6% versus the same period ago. Product revenue in the quarter was $26.4m, down 43% versus the same period a year ago. Services revenue in the quarter was $7.4m, down 14% versus last year.

The overall gross margin for the quarter was 91% versus 88% last year and 87% last quarter.

 

Financial Guidance

For fiscal 2012, Dolby says it is targeting revenue of $910 million to $970 million. Full year 2011 revenue was $955.5m.

 

“In the first quarter, we grew licensing revenue year over year on the strength of our broadcast and mobile markets,” said company president & CEO Kevin Yeaman. “We continue to enhance the entertainment experience in online content with the addition of services such as HBO Go®, which recently announced the adoption of Dolby® Digital Plus.”

 

Related Content:

Dolby Press Release: Dolby Laboratories Reports First Quarter Fiscal 2012 Results

Dolby Q1 2012 Conference Call Transcript

Previous Quarter: Dolby Laboratories Reports Fiscal 2011 Fourth Quarter and Year-End Financial Results

 

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One Response

  1. […] Dolby announced that its revenue for the first quarter of its 2012 fiscal year was $233.4 million, down 4% versus the same period a year ago, and down 4% versus the previous quarter. GAAP net […]

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