Accelrys Announces First Quarter 2011 Financial
Changes Fiscal Year-End to December 31
Integration with Symyx Technologies Proceeding on Plan
August 05, 2010 04:08 PM Eastern Daylight Time
SAN DIEGO--(EON: Enhanced Online News)--Accelrys, Inc. (NASDAQ:ACCL) today reported financial results
for the fiscal quarter ended June 30, 2010. Revenue for the quarter ended June 30, 2010 decreased 2% to $19.8
million from $20.1 million for the same quarter of the previous year.
Non-GAAP net income was $1.3 million, or $0.05 per diluted share, for the current quarter compared to non-
GAAP net income of $1.8 million, or $0.07 per diluted share, for the same quarter of the previous year.
GAAP net loss was ($1.6) million, or ($0.06) per diluted share, for the current quarter compared to GAAP net
income of $0.7 million, or $0.03 per diluted share, for the same quarter of the previous year. GAAP net loss for the
current quarter includes business consolidation costs of $1.7 million.
The Company’s balance sheet as of June 30, 2010 included cash, cash equivalents, marketable securities and
restricted cash of $92.9 million. Deferred revenue at the end of the quarter was $53.0 million, up 5% from June 30,
"We reached a significant milestone in the Company’s history, completing our merger with Symyx Technologies on
July 1, 2010. Through the merger, we have expanded the breadth and depth of our product portfolio and team,
putting us in a strong position to deliver on our opportunity as the leading provider of scientific informatics software
and services. Our management team is in place and I am pleased with the progress we are making executing our
integration plan,” said Max Carnecchia, Accelrys’ President and Chief Executive Officer.
The combined organization offers an open enterprise-scale informatics system for global scientific R&D with deep
domain expertise in chemistry, biology and materials science, a dedicated professional services organization and a
growing partner ecosystem. Throu