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Accuray Announces Results for First Quarter Fiscal 2012
Date:11/8/2011

s within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date the statements are made and are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events. You should not put undue reliance on any forward-looking statements. Important factors that could cause actual performance and results to differ materially from the forward-looking statements we make include: range of treatment options, clinical applications, and market acceptance of products, integration efforts, revenue, gross margins, improvements in serviceability and reliability and other risks detailed from time to time under the heading "Risk Factors" in our report on Form 10-K for our 2011 fiscal year filed on September 19, 2011, our report on Form 10-Q for our first quarter of fiscal 2012 filed on even date herewith, as well as our other filings with the Securities and Exchange Commission. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors. We assume no obligation to update forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws.Accuray IncorporatedUnaudited Condensed Consolidated Statements of Operations(in thousands, except per share data) Three months ended September 30,20112010Net revenue:  Products

$  56,174$19,916Services

43,40117,734Other

876418Total net revenue

100,45138,068Cost of revenue:  Cost of products

38,3737,497Cost of services

37,34911,800Cost of other

301534Total cost of revenue

76,02319,831Gross profit

24,42818,237Operating expenses: 
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