OPNET Announces Record Financial Results For Third Quarter Of Fiscal 2011

BETHESDA, Md., Jan. 27, 2011 (GLOBE NEWSWIRE) -- OPNET Technologies, Inc. (Nasdaq:OPNT), a leading provider of solutions for application and network performance management, today announced that revenue for the third fiscal quarter, ended December 31, 2010, was $39.7 million, compared to $33.6 million for the same quarter in the prior fiscal year. Diluted earnings per share for the third quarter of fiscal 2011 were $0.19, compared to $0.11 for the same quarter in the prior fiscal year. The Company also announced today a quarterly dividend of $0.10 per share, which represents one quarter of the Company's fiscal 2011 annual dividend target of $0.40, payable on March 30, 2011 to stockholders of record as of the close of business on March 16, 2011.

Marc A. Cohen, OPNET's Chairman and CEO, stated, "We are very pleased to report strong sales execution during our third fiscal quarter. Our application performance management (APM) products continue to drive sales growth and profitability, and allowed us to achieve financial records including total revenue of $39.7 million, product revenue of $20.2 million, and operating income of $5.6 million. APM product sales accounted for 71% of our total product bookings during the quarter, and increased 45% over the same quarter last year and 22% sequentially.

Mr. Cohen continued, "We believe our growth in APM product sales is largely the result of taking market share by offering key competitive advantages, including broad coverage of the infrastructure, deep instrumentation, and superior analytics. In addition to strong sales execution during the quarter, we also completed development of our first Software-as-a-Service (SaaS) solution offering, AppMapper Xpert. This new solution automatically produces a run-time application map, identifying the underlying application and infrastructure components that enable a production application. We believe this new offering, which leverages information generated by our performance management solutions, including AppResponse Xpert and AppInternals Xpert, will further enhance our competitive position in the APM market."