Operating cash flow of
GAAP losses per share of
Non-GAAP earnings per share of
CHELMSFORD, Mass. , Jan. 27 /PRNewswire-FirstCall/ -- Mercury Computer Systems, Inc. (NASDAQ: MRCY) reported results for its second quarter of fiscal 2009, which ended December 31, 2008 .
The results of Mercury's Visage Imaging business, which Mercury announced today has been sold to Pro Medicus Limited, are included in continuing operations as of December 31, 2008 , but will be reflected as discontinued operations in subsequent periods, including the reclassification of prior period results for comparison.
Second quarter revenues were
Second quarter GAAP net losses were
Second quarter GAAP operating losses were
Cash flows from operating activities were a net inflow of
"Mercury performed well in the second quarter," said Mark Aslett , President and CEO of Mercury Computer Systems, Inc. "We continued to execute on a plan to focus the business, improve Mercury's profitability, increase our cash flow, and position the Company for renewed growth in fiscal 2010 and beyond. As expected, this was another strong quarter for our ACS defense business, and Mercury Federal made further progress in expanding the Company's total addressable defense market."
"We also made progress toward our goal of divesting our unprofitable and non-core businesses by the end of this fiscal year," Aslett said. "As announced earlier this afternoon, today we signed and closed on the sale of Mercury's Visage Imaging business to Pro Medicus Limited, an Australian company in the healthcare and life sciences space. This removes the business that has been generating Mercury's most significant operating losses and advances us toward completing our portfolio rationalization activities. Looking forward, we are confident that Mercury will conclude the fiscal year as a more focused and profitable enterprise with a strong and growing defense business."
The Company's total backlog at the end of the second quarter was
Revenues by Operating Unit
Advanced Computing Solutions (ACS) -- Revenues for the quarter from ACS were
Visage Imaging (Visage) -- Revenues for the quarter from Visage were
Visualization Sciences Group (VSG) -- Revenues for the quarter from VSG were
Emerging Businesses -- The results for this segment primarily consist of Mercury's wholly-owned subsidiary Mercury Federal Systems, Inc. (MFS). During the second quarter, MFS secured
The revenues by operating unit do not include adjustments to eliminate any inter-segment revenues.
This section presents our current expectations and estimates, given current visibility, on our business outlook for the upcoming fiscal quarter. It is possible that actual performance will differ materially from the estimates given Ã¢