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Zix Corporation's CEO Discusses Q2 2012 Results - Earnings Call Transcript

We’ve been focused on this market segment for more than 10 years. We are far away the leader in the market and continue to enhance the feature set, reliability, ease of use and the overall effectiveness of our solution.

Let's get back to the Q2 numbers. From a top lying perspective, we recorded revenue of $10.3 million which was up 9.7% when compared to the $9.4 million we reported in the second quarter of last year. We also had record total bookings for the second quarter, a $13.6 million up 50% sequentially from $9.1 million in the preceding quarter and up 8.6% from $12.5 million in the second quarter of last year.

Our record backlog at the end of second quarter of 2012 is very strong at $55.5 million up 6% both sequentially and year-over-year. We recorded our 10th consecutive quarter of GAAP profitability achieving GAAP net income of $2.6 million. On a fully diluted share basis, GAAP profitability was $0.04 per share. We also exceeded our non-GAAP adjusted net income guidance for the quarter, achieving non-GAAP adjusted net income of $3.1 million, up 12.8% over the $2.7 million reported in the second quarter of last year. Non-GAAP net income for the second quarter on a fully diluted per share basis was $0.05 per share exceeding our guidance of $0.04 per share.

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