Mercury Computer Systems Reports Second Quarter Fiscal 2009 Revenues of $50.7 Million

Operating cash flow of $2.7 million GAAP losses per share of $(0.77) include goodwill and long-lived asset impairment charges of $(0.66) per share Non-GAAP earnings per share of $0.03 CHELMSFORD, Mass. , Jan. 27...


Revenues by Operating Unit

Advanced Computing Solutions (ACS) -- Revenues for the quarter from ACS were $44.0 million, representing 87% of the Company's total revenues. Approximately 75% of ACS revenue for the quarter related to defense business as compared to approximately 67% in the same quarter last year.

Visage Imaging (Visage) -- Revenues for the quarter from Visage were $2.5 million, an increase of $0.5 million as compared to the first quarter of the current fiscal year.

Visualization Sciences Group (VSG) -- Revenues for the quarter from VSG were $3.6 million, an increase of $1.3 million as compared to the first quarter of the current fiscal year.

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 $1.2 million in bookings and recorded $1.1 million in revenues.

The revenues by operating unit do not include adjustments to eliminate any inter-segment revenues.

Business Outlook

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 â