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Omnicell Announces Fourth Quarter and Full Year 2010 Results
Date:1/27/2011

MOUNTAIN VIEW, Calif., Jan. 27, 2011 /PRNewswire/ -- Omnicell, Inc. (Nasdaq: OMCL), a leading provider of system solutions to healthcare facilities, today announced results for its fourth quarter and year ended December 31, 2010.

GAAP results: Revenue for the fourth quarter of 2010 was $57.3 million, up $1.0 million or 1.7% from the third quarter of 2010, and up $2.6 million or 4.8% from the fourth quarter of 2009.  Revenue for the year ended December 31, 2010 was $222.4 million, up $8.9 million or 4.2% from the year ended December 31, 2009.

Fourth quarter 2010 net income as reported in accordance with U.S. generally accepted accounting principles (GAAP) was $0.7 million, or $0.02 per diluted share. This compares to net income of $1.3 million, or $0.04 per diluted share in the third quarter of 2010 and net income of $0.6 million, or $0.02 per diluted share in the fourth quarter of 2009. For the year ended December 31, 2010, net income was $4.9 million, or $0.15 per diluted share. This compares to net income of $0.4 million, or $0.01 per diluted share for the year ended December 31, 2009.

Non-GAAP results: Non-GAAP net income was $3.6 million for the fourth quarter of 2010, or $0.11 per diluted share. Non-GAAP net income for the fourth quarter excludes $2.6 million in stock-based compensation expense and $0.4 million of tax adjustments from the repatriation of profits from India associated with the facilities consolidation announced in third quarter of 2010. This compares to non-GAAP net income of $3.6 million, or $0.11 per diluted share for the third quarter of 2010, which excluded $2.2 million in stock-based compensation expense, a $2.4 million gain ($1.4 million, net of tax) related to the settlement of litigation claims and $2.3 million ($1.6 million, net of tax) related to restructuring, reduction-in-force and tax on repatriation of p
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SOURCE Omnicell, Inc.
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