LeCroy Corp. has seen revenue growth of 45 percent in its fiscal second quarter ended Jan 1, 2011 driven by strong oscilloscope orders. Non-GAAP operating margin have doubled year-on-year to 15 percent and the company has raised its full-year fiscal 2011 guidance.
“In addition to seeing continued strength in demand for our high-end oscilloscopes, we are now benefiting from a strong upgrade cycle in mid-range scopes,” said Tom Reslewic, LeCroy's President and Chief Executive Officer.
Reslewic said the company is excited about the promise of the innovative new oscilloscope platforms that it is preparing to launch in the months ahead.
“Our fiscal third quarter tends to be seasonally softer than our fiscal second quarter, which is typically the strongest of the year,” Reslewic said. “Given the robust demand environment and the success of LeCroy's new products, however, we expect sales for the third quarter of fiscal 2011 to equal and potentially exceed the record high we set in the sequential second quarter.”
“For the third quarter of fiscal 2011, we currently expect to report revenue in the range of $45 million to $46 million and non-GAAP operating margin of approximately 15 percent,” said Reslewic. “For full-year fiscal 2011, we are raising our revenue outlook to a range of $175 million to $177 million, and we anticipate non-GAAP operating margins of approximately 14 percent to 14.5 percent.”