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ResMed Inc. Announces Record Financial Results for the Quarter Ended September 30, 2010
Date:10/28/2010

dney, on (+612) 8884-2090; or by visiting the Company's multilingual Web site at www.resmed.com.  

Statements contained in this release that are not historical facts are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the Company's future revenue, earnings or expenses, new product development and new markets for the Company's products, are subject to risks and uncertainties, which could cause actual results to materially differ from those projected or implied in the forward-looking statements. Those risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for its most recent fiscal year and in other reports the Company files with the U.S. Securities & Exchange Commission.  Those reports are available on the Company's Web site.ResMed Inc and SubsidiariesCondensed Consolidated Statements of Income (Unaudited)

(In US$ thousands, except per share data)Three Months Ended

September 30,2010

2009Net revenue

$282,012

$246,992Cost of sales

108,058

96,814Gross profit

173,954

150,178Operating expensesSelling, general and administrative

84,791

76,756Research and development

19,739

17,914Amortization of acquired intangible assets

2,030

1,845Donation to Foundation

1,000

1,000Total operating expenses

107,560

97,515Income from operations

66,394

52,663Other income, net:Interest income, net

5,097

2,125Other, net

5,063

3,118Total other income, net

10,160

5,243Income before income taxes

76,554

57,906Income taxes

19,846

15,804Net income

$56,708

$42,102Basic earnings per share

$0.37

$0.28Diluted earnings per share

$0.36

$0.27Basic shar
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SOURCE ResMed Inc.
Copyright©2010 PR Newswire.
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