Stratus Technologies Q1 Financial Results
Stratus Technologies Bermuda Holdings Ltd. (together with its consolidated subsidiaries) a global provider of uptime assurance, today furnished its quarterly financial results with the United States Securities and Exchange Commission on Form 6-K for the fiscal quarter ended May 29, 2011.
For the first quarter ended May 29, 2011, total revenue was $49.6 million, an increase of $2.6 million or 5.5% as compared to the $47.0 million in the first quarter ended May 30, 2010.
Profit from operations was $7.0 million compared to $10.2 million for the same period last year. The first quarter of fiscal 2011 results include a gain on sale of subsidiary of $3.7 million related to the sale of our proprietary Emergent Networks Solutions VOIP Software business and certain net assets related to our telecommunications business in January 2009.
For the first quarter, the net loss was $5.9 million compared to $3.1 million for the same period last year. The Company reported Adjusted EBITDA, a non-GAAP financial measure, of $10.0 million compared to $10.0 million for the same period last year.
