Revenue during the quarter grew 5.91 percent to $54.08 million from $51.06 million in the previous year period. Gross margin for the quarter contracted 66 basis points over the previous year period to 51.53 percent. Total expenses were 88.28 percent of quarterly revenues, down from 88.53 percent for the same period last year. This has led to an improvement of 26 basis points in operating margin to 11.72 percent.

Operating income for the quarter was $6.34 million, compared with $5.85 million in the previous year period.

However, the adjusted operating income for the quarter stood at $9.08 million compared to $8.47 million in the prior year period. At the same time, adjusted operating margin improved 21 basis points in the quarter to 16.79 percent from 16.58 percent in the last year period.

Michael Plisinski, chief executive officer, commented, "Rudolph has evolved from an equipment vendor to a solutions provider, focused on high-growth markets; this is resonating with our customers and resulted in our second consecutive year of record sales. Demand for Rudolph’s solutions is growing as customers increasingly require that their complex technical issues be resolved-not just measured-in order to meet the intense focus on quality and time-to-ramp for new products that support the demanding consumer markets."

For the first-quarter, Rudolph Technologies expects revenue to be in the range of $57 million to $60 million. The company projects diluted earnings per share to be in the range of $0.19 to $0.22 for the first-quarter. On an adjusted basis, the company projects diluted earnings per share to be in the range of $0.22 to $0.25 for the first-quarter.