Dolby Q1 Profits Uncompressed
By Joseph Palenchar -- TWICE, 2/1/2008
San Francisco — Dolby Laboratories expanded first-quarter revenues by 44 percent to $150.2 million, operating income by 72 percent to $67.4 million, and net income by 60 percent to $47.7 million.
The performance follows fourth-quarter 2007 results for the period ending Sept. 28, when revenue rose 26 percent to $129 million, with net income rising to $44.2 million from $25.2 million. For fiscal year 2007, revenue rose 23 percent to $482 million, and net income rose to $142.8 million, up from $89.5 million.
In fiscal 2008, Dolby said it expects revenue to hit $575 million to $615 million, with net income expected to be $157 million to $167 million. That’s up from previous guidance of $560 million to $600 million in revenue and $148 million to $160 million in net income. The previous guidance included about $20 million in anticipated licensing revenue from Coding Technologies.
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