Verigy Reports Fourth Quarter EPS of $.29

Verigy Ltd. VRGY today reported financial results for its fourth quarter and fiscal year ended Oct. 31, 2010. Total revenue for the fourth quarter was $159 million, a sequential increase of 3 percent from $154 million in the previous quarter. For fiscal year 2010, total revenue was $539 million, a year-over-year increase of 67 percent from $323 million in 2009. Net income for the fourth quarter was $10 million, or $0.17 per share, compared to net income of $13 million, or $0.21 per share, in the prior quarter, and a net loss of $12 million, or ($0.20) per share, in last year's comparable quarter. Verigy reported non-GAAP net income of $18 million, or $0.29 per share, for its fourth quarter of fiscal 2010.