Gary Yu commented, “For the second quarter of 2025, we expect revenue to increase to approximately $355M, plus or minus 3 percent, representing 11 percent over the prior year period at the mid-point, which will be the third consecutive quarter of year-over-year growth. GAAP gross margin is expected to be 31.8 percent, plus or minus 1 percent. Non-GAAP operating expenses, which are GAAP operating expenses adjusted for amortization of acquisition-related intangible assets, are expected to be approximately 28.0 percent of revenue, plus or minus 1 percent. We expect net interest income to be approximately $1.5 million. Our income tax rate is expected to be 18.0 percent, plus or minus 3 percent, and shares used to calculate diluted EPS for the second quarter are anticipated to be approximately 46.4 million.”
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