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Technology Stocks : NOVA

NVMI 326.95

-5.9%

Nov 4 3:59 PM EST

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From: JakeStraw	5/4/2011 8:08:53 AM
	of 42

Nova Announces 2011 First Quarter Results finance.yahoo.com Record Bookings and Backlog Solidify Continued Growth Highlights for the First Quarter of 2011 - Quarterly revenues of $28.2 million, up 76% year over year - Gross margin of 57.6% - Net margin of 28.6% - Record quarterly net income of $8.1 million, or $0.30 per diluted share - Positive cash flow from operating activities of $8.4 million - Record quarterly bookings and backlog Management Comments "The first quarter of 2011 marked an excellent start to the year," said Gabi Seligsohn, President and CEO of Nova. "Not only did we continue to break records in all our financial metrics, we also achieved all time record bookings in each of our product lines." "On the stand alone metrology front, the doubling of our customer base during 2010 is definitely paying off. Stand alone bookings during the first quarter reached all time record high levels, mostly as a result of repeat orders from our expanded customer base. As mentioned on several occasions, Optical CD has become an enabling technology at smaller geometries and accordingly the larger part of our orders these days come from the 2X and 3X technology nodes, supporting both the front end and back end of semiconductor manufacturing."

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