By Lisa Johnston
New products on display at the American International Toy Fair, held in N
San Francisco — Dolby Laboratories reported lower revenues and net income for its fiscal fourth quarter, ended Sept. 27.
Dolby posted total revenue of $216.7 million, compared with $225.8 million for the fourth quarter of fiscal year 2012.
Fourth-quarter GAAP net income was $45.8 million, compared with $51.5 million for the fourth quarter of fiscal 2012. On a non-GAAP basis, fourth-quarter net income was $58.8 million, compared with $63.8 million for the prior-year period.
For fiscal 2013, Dolby reported total revenue of $909.7 million, compared with $933 million for fiscal 2012.
Fiscal year GAAP net income was $189.3 million, compared with $264.3 million for the prior-year period.
On a non-GAAP basis, fiscal year net income was $250.1 million, compared with $306.9 million for fiscal 2012.
“Fourth-quarter results came in better than expected, as we saw growth in our mobile and broadcast markets,” said Kevin Yeaman, president and CEO, Dolby Laboratories. “Looking beyond these markets, Dolby Voice is our newest offering aimed at driving long-term growth. BT recently launched BT MeetMe with Dolby Voice, a service which makes conference calls sound much more like in-person meetings.”
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.