Bethesda-based OPNET Technologies, Inc. (NASDAQ: OPNT), delivered record financial results for its second quarter of fiscal 2012 and also declared its quarterly dividend.
The network performance management solutions provider said revenue totaled $41.9 million compared to $36.1 million in the second quarter of fiscal year 2011. Revenue fell short of the average analyst estimate of $43.23 million and low estimate of $42.15 million.
Net income amounted to $4.8 million or $0.21 cents per common and diluted share versus $2.9 million or $0.13 cents per diluted share and $0.14 cents per common share. That was still below the average analyst estimate of $0.24 cents per share and the low estimate of $0.22 cents per share.
OPNET's record financial results allowed the company to continue its quarterly dividend of $0.12 cents per share, which is payable December 28, 2011 to stock holders on record as of December 14, 2011. The annual dividend is expected to total $0.48 for fiscal 2012 compared to a total $0.40 cents for fiscal 2011.
OPNET is expecting revenue to fall between $44.0 million and $49.0 million for fiscal 2012 third quarter and net income of between $0.20 and $0.32 per common share.