Apple Crushes Earnings Again: Revenue of $24.67 Billion, $5.99 Billion Net Profit. iPhone Sales Grow 113 Percent

Apple did it again. The company today announced financial results for its fiscal 2011 second quarter ended March 26, 2011. The Company posted record second quarter revenue of $24.67 billion and record second quarter net profit of $5.99 billion, or $6.40 per diluted share (Wall Street was calling for $5.37). These results compare to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter. Gross margin was 41.4 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.

 “With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” said Steve Jobs, Apple’s CEO. “We will continue to innovate on all fronts throughout the remainder of the year.”

The key product numbers:

• 3.76 Million Macs sold during the quarter, 28 percent unit increase over the year-ago quarter

• 18.65 million iPhones 

• 4.69 Million iPads

• 9.02 million iPods

“We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $5.03.”

In a separate announcement, AT&T said it activated 3.6 million iPhones during its fiscal quarter, though it didn’t break down whether these iPhones were the newer iPhone 4 or older 3GS iPhones.

The full earnings realease can be found here.