SonicWALL Reports Fourth Quarter And Fiscal Year 2009 Financial ResultsSonicWALL Reports Fourth Quarter And Fiscal Year 2009 Financial Results
SonicWALL expects first quarter 2010 revenue to be in the range of $52 million to $54 million
February 13, 2010

PRESS RELEASE
SAN JOSE, Calif., Feb. 11 /PRNewswire-FirstCall/ -- SonicWALL, Inc. (Nasdaq: SNWL), today reported performance in the quarter ended December 31, 2009, with revenue of $54.1 million. The Company shipped 52,000 revenue units in the quarter. Cash flow from operations was $5.0 million.
Net income for the fourth quarter of 2009 calculated in accordance with U.S. generally-accepted accounting principles (GAAP) was $5 million, or $0.09 per diluted share. In comparison, GAAP net income for the fourth quarter of 2008 was $3.5 million, or $0.06 per diluted share.
Non-GAAP net income for the fourth quarter of 2009 was $6.0 million or $0.11 per diluted share. In comparison, non-GAAP net income for the fourth quarter of 2008 was $5.9 million, or $0.11 per diluted share. Non-GAAP net income excludes amortization of purchased intangible assets, and share-based compensation expense primarily associated with the expensing of stock options. An explanation of our use of non-GAAP measures is included in the section in this press release entitled "Use of Non-GAAP Financial Measures."
For fiscal year 2009 SonicWALL reported revenue of $200.6 million. GAAP net income for fiscal year 2009 was $13.2 million, or $0.24 per diluted share, compared to a GAAP net income of $4.9 million, or $0.08 per diluted share, in fiscal 2008.
Non-GAAP net income for fiscal year 2009 was $20.8 million, or $0.37 per diluted share, compared to $16.9 million, or $0.29 per diluted share in fiscal year
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