The second quarter revenues also indicate a 1.8 percent increase over the $151.7 million reported for the first quarter 2012. Gross profit for the second quarter 2012 was $117.9 million and gross margin was 76.3 percent, compared to a gross profit of $107.5 million and a gross margin of 80.8 percent for the second quarter last year.
The company also reported higher operating expenses for the second quarter 2012 of $104.9 million compared to $96.0 million in the second quarter last year. The higher operating expenses stemmed from additional costs associated with higher revenue and infrastructure expansion.
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