KLA-Tencor: Fiscal 4Q11 Financial Results

in US$ millions)	4Q10	4Q11	FY10	FY11
Revenues	559.4	892.4	1,821	3,175
*Growth*		60%		*74%*
Net income (loss)	113.1	245.0	212.3	794.4

KLA-Tencor Corporation announced operating results for its fourth quarter and fiscal year ended June 30, 2011.

KLA-Tencor reported GAAP net income of $245 million and GAAP earnings per diluted share of $1.43 on revenues of $892 million for the fourth quarter of fiscal year 2011. For the year ended June 30, 2011, the company reported GAAP net income of $794 million and GAAP earnings per diluted share of $4.66 on revenues of $3.2 billion.

"KLA-Tencor delivered record levels of revenue, earnings and cash flow from operations in the fourth quarter and the year, reflecting the successful execution of our long term strategies," commented Rick Wallace, KLA-Tencor’s president and CEO. "These outstanding results are the product of the tremendous efforts of our employees, our leading technology and our strong partnerships with our customers, all of which have us well-positioned for future success."

A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements that are part of this release. Non-GAAP results include the impact of stock-based compensation, but exclude the impact of acquisitions, restatement and restructuring related items, and certain discrete tax items.