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• • • • • U UBIQUITI INC . REPORTS SECOND QUARTER FISCAL 2021 FINANCIAL RESULTS ~ - Record Revenues of $ 479.4 million ~ Record GAAP Earnings Per Share of $ 2.54 ~ New York , NY - February 5 , 2021 - Ubiquiti Inc. ( NYSE : UI ) ( “ Ubiquiti ” or the “ Company ” ) today announced results for the second quarter fiscal 2021 , ended December 31 , 2020 . Second Quarter Fiscal 2021 Financial Summary Revenues of $ 479.4 million , increasing 55.5 % year - over - year GAAP diluted EPS of $ 2.54 , increasing 92.4 % year - over - year Non - GAAP diluted EPS of $ 2.53 , increasing 80.7 % year - over - year Additional Financial Highlights Repurchased 309,133 shares of common stock at an average price of $ 178.11 per share during the quarter . The Company's Board of Directors declared a $ 0.40 per share cash dividend payable on February 22 , 2021 to shareholders of record at the close of business on February 16 , 2021 . Financial Highlights ( $ , in millions , except per share data ) Income statement highlights F2Q21 F1Q21 F2Q20 Revenues 479.4 473.5 308.3 Service Provider Technology 149.9 157.5 97.7 Enterprise Technology 329.6 316.1 210.6 Gross profit 230.7 228.1 145.1 Gross Profit ( % ) 48.1 % 48.2 % 47.1 % Total Operating Expenses 39.9 38.2 33.0 Income from Operations 190.8 189.9 112.0 GAAP Net Income 159.7 156.5 85.8 GAAP EPS ( diluted ) 2.54 2.46 1.32 Non - GAAP Net Income 159.0 157.1 91.4 Non - GAAP EPS ( diluted ) 2.53 2.47 1.40 1