OSI Systems, Inc. has reported its financial results for the second quarter of fiscal year 2025, and the figures indicate substantial growth and positive performance. In the second quarter, the company achieved record revenues of $419.8 million, representing a 12% increase from the $373.2 million reported in the same quarter of the previous year. This growth in revenue was accompanied by an increase in net income to $37.8 million, or $2.22 per diluted share, compared to $36.6 million, or $2.11 per diluted share, for the same period in the prior fiscal year.
Furthermore, the company's non-GAAP net income for the second quarter of fiscal year 2025 was $41.2 million, or $2.42 per diluted share, compared to $38.3 million, or $2.21 per diluted share, for the same quarter in the previous year. These figures demonstrate a significant improvement in both GAAP and non-GAAP earnings per share.
For the six months ended December 31, 2024, OSI Systems reported revenues of $763.8 million, compared to $652.4 million in the same period a year ago. Net income for this period was $55.8 million, or $3.27 per diluted share, compared to $49.4 million, or $2.87 per diluted share, for the same prior-year period. Similarly, non-GAAP net income for the six months ended December 31, 2024, was $62.5 million, or $3.67 per diluted share, compared to non-GAAP net income of $53.8 million, or $3.12 per diluted share, for the same prior-year period.
The company's book-to-bill ratio for the second quarter of fiscal 2025 was 1.2, and as of December 31, 2024, its backlog was over $1.8 billion. Notably, the company generated cash from operations of $52.5 million in the second quarter, a significant improvement from the $23.5 million cash used in operations for the same quarter of the prior year. This positive cash flow indicates a healthy financial position.
Looking ahead, OSI Systems has increased its fiscal year 2025 revenue guidance to a range of $1.685 billion to $1.710 billion, reflecting a growth rate of 9.5% to 11.1% compared to the previous year. The non-GAAP diluted earnings per share guidance has also been raised to a range of $9.10 to $9.40, with a growth rate of 11.9% to 15.6% from the previous year.
These financial results and updated guidance demonstrate OSI Systems' strong performance and its optimistic outlook for the remainder of fiscal year 2025. Today the company's shares have moved 9.0% to a price of $184.25. For the full picture, make sure to review OSI Systems's 8-K report.
