The annual income of Dolby Laboratories again exceeded $ 1 billion
Dolby Laboratories has published a report for the next quarter. Because its accounting calendar 29 September-ended fourth quarter 2017 financial year, the report includes data for the year as a whole.
So, for the quarter revenue of Dolby Laboratories made 242,0 million dollars, which is significantly more income for the fourth quarter of fiscal 2016, equal to 233 million dollars. For the full year, the company earned 1.08 billion dollars, whereas a year ago this figure was equal to 1.03 billion dollars.
Net profit, calculated in accordance with GAAP, in the final quarter of the year was 21.8 million dollars. A year ago this figure was equal to 23.9 million dollars. Calculation of non-GAAP gives the values of 46.6 and 38.6 million dollars, respectively.
The report says that in the last quarter began implementation of the plan for the reduction of certain activities and the transfer of the freed resources to more promising areas. In this regard, was laid off about 80 people. Appropriate operating expenses are estimated at 12.9 million dollars.
Net profit for the year calculated according to GAAP, equal 201,8 million dollars. A year ago this figure was equal 185,9 million dollars. Calculation of non-GAAP gives value 269,7 and 249,0 million dollars respectively.