OSI Systems reported revenues of $276.7 million, comparable to $276.0 million in the second quarter of fiscal 2021. Net income was $19.8 million, or $1.09 per diluted share, compared to $20.0 million, or $1.10 per diluted share, for the second quarter of fiscal 2021. The company increased its non-GAAP diluted earnings per share guidance and reduced its revenue guidance for fiscal year 2022.
Q2 revenues of $277 million.
Q2 GAAP EPS of $1.09.
Q2 non-GAAP EPS of $1.28.
Q2 ending backlog of $1.2 billion, a 12% increase from June 30, 2021.
The Company is increasing its non-GAAP diluted earnings per share guidance given an anticipated stronger operating margin and is adjusting its fiscal year 2022 revenues guidance primarily as a result of the continued impacts stemming from the COVID pandemic.
Visualization of income flow from segment revenue to net income