Apple Reports Second Quarter Results

Apple today announced financial results for its fiscal 2011 second quarter ended March 26, 2011. The Company posted record second quarter revenue of $24.67 billion and record second quarter net profit of $5.99 billion, or $6.40 per diluted share. These results compare to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter. ?With quarterly revenue growth of 83 percent and profit growth of 95 percent, we?re firing on all cylinders,? said Steve Jobs, Apple?s CEO. ?We will continue to innovate on all fronts throughout the remainder of the year.?

Source: http://www.apple.com/pr/library/2011/04/20results.html?sr=hotnews.rss

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