Lecroy releases preliminary first-quarter results

Lecroy, a supplier of oscilloscopes and serial data test solutions, has announced that, for the first quarter of fiscal year 2011, it expects to report a 38 per cent year-over-year increase in revenues to approximately $38.6m (£24.4m), which compares with $28m in the first quarter of 2010 and with first-quarter fiscal year 2011 guidance of between $37m and $38m. 

The non-GAAP operating margin for the first quarter of fiscal year 2011 is expected to be approximately 10.4 per cent, compared with 5.7 per cent in the first quarter of fiscal year 2010 and with first-quarter fiscal year 2011 guidance of between nine and 10 per cent. 

The company expects to report year-over-year order growth of 50 per cent for the first quarter of fiscal year 2011.