Illumina Reports Financial Results for Fourth Quarter and Fiscal Year 2010

Fourth quarter 2010 results:

Revenue of $261.3 million, a 45% increase over the $180.6 million reported in the fourth quarter of 2009.
GAAP net income of $38.4 million, or $0.25 per diluted share, compared to net income of $11.7 million, or $0.09 per diluted share, for the fourth quarter of 2009.
Non-GAAP net income of $40.9 million, or $0.29 per diluted share, compared to $27.0 million, or $0.21 per diluted share, for the fourth quarter of 2009 (see the table entitled “An Itemized Reconciliation Between GAAP and Non-GAAP Net Income” for a reconciliation of these GAAP and non-GAAP financial measures).

Source: Illumina