CIMdata PLM Industry Summary Online Archive
6 August 2009
Financial News
Magma Announces Preliminary Q1 Results Expected to Exceed All Previous Guidance
Magma® Design Automation Inc. in anticipation of its presentation at the Canaccord Adams Global Growth Conference, today announced that preliminary results indicate the company exceeded all previously announced guidance for its fiscal 2010 first quarter, ended August 2, 2009. Preliminary results for the first quarter include:
-- REVENUE: Revenue is expected to be in the range of $28.6 million
to $28.8 million, above the company's guidance range of $27.5
million to $28.5 million.
-- EPS: Net loss per share in accordance with generally accepted
accounting principles (GAAP) is expected to be in the range of
$(0.17) per share to $(0.16) per share, better than the company's
guidance range of a loss between $(0.20) per share and $(0.19)
per share.
-- CASH FLOW: Cash flow generated from operations is expected to
exceed $4.5 million.
The foregoing results are preliminary and may be subject to adjustments following final closing of financial results for the quarter and completion of the company's independent auditor's review. Magma will present at the Canaccord Adams Global Growth Conference on August 13, 2009 and release first quarter results after the close of Nasdaq trading on August 27, 2009.
Earnings Call
Magma management will discuss the financial results for the recently completed quarter, along with forward-looking guidance, during a live earnings call on August 27, 2009 at 2 p.m. PDT, available live by both webcast and telephone. To listen live via webcast visit the Investor Relations section of Magma's website at http://investor.magma-da.com/medialist.cfm. To listen live via telephone, call either of the numbers below:
U.S. & Canada: (877) 419-6597
Elsewhere: (719) 325-4846
Following completion of the call, a webcast replay of the call will be available at http://investor.magma-da.com/medialist.cfm through Sept. 3, 2009. Those without Internet access may listen to a replay of the call by telephone until 11:59 p.m. PDT on Sept. 3 by calling:
U.S. & Canada: (888) 203-1112, code #7649971
Elsewhere: (719) 457-0820, code #7649971
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