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U UBIQUITI INC . REPORTS THIRD QUARTER FISCAL 2021 FINANCIAL RESULTS - Revenues of $ 467.2 million - ~ GAAP Diluted Earnings Per Share of $ 2.32 ~ New York , NY - May 7 , 2021 - Ubiquiti Inc. ( NYSE : UI ) ( " Ubiquiti " or the " Company " ) today announced its financial results for the third quarter fiscal 2021 , ended March 31 , 2021 . Third Quarter Fiscal 2021 Financial Summary • Revenues of $ 467.2 million , increasing 38.5 % year - over - year • • • • GAAP diluted EPS of $ 2.32 , increasing 45.0 % year - over - year Non - GAAP diluted EPS of $ 2.30 , increasing 42.9 % year - over - year Additional Financial Highlights The Company amended and restated its credit facility , providing for a $ 500 million term loan facility and a $ 700 million revolving credit facility , as disclosed in the Form 8 - K filed on April 5 , 2021 . The Company's Board of Directors declared a $ 0.40 per share cash dividend payable on May 24 , 2021 to shareholders of record at the close of business on May 17 , 2021 . Financial Highlights ( $ , in millions , except per share data ) Income statement highlights F3Q21 F2Q21 F3Q20 Revenues 467.2 479.4 337.4 Service Provider Technology 152.4 149.9 106.4 Enterprise Technology 314.9 329.6 231.0 Gross profit 222.7 230.7 159.6 Gross Profit ( % ) 47.7 % 48.1 % 47.3 % Total Operating Expenses 43.7 39.9 32.3 Income from Operations 179.0 190.8 127.3 GAAP Net Income 146.1 159.7 103.7 GAAP EPS ( diluted ) Non - GAAP Net Income Non - GAAP EPS ( diluted ) 2.32 2.54 1.60 144.8 159.0 104.3 2.30 2.53 1.61 1