San Diego Business Journal

Illumina Reports Q2 Results

By SDBJ Staff Wednesday, July 23, 2014

Illumina Inc. reported revenue of $448 million for the second quarter ending June 29. That was a 29 percent increase compared with $346 million in the like period of 2013.

Illumina (Nadaq: ILMN) had GAAP net income for the second quarter of $47 million, or 31 cents per diluted share, compared with $36 million, or 26 cents per diluted share, in the like period of 2013.

Its non-GAAP income for the quarter was $85 million, or 57 cents per diluted share, compared with $60 million in the like quarter of 2013.

Illumina reported cash and cash equivalents of $675 million.

Last week, Illumina announced it had acquired Myraqa.

It is also negotiating with the Mayor’s Office on a tax deal that could ensure the company keeps key jobs in San Diego.

For more information on Illumina’s results click here.