OSI SYSTEMS INC
			Symbol			OSIS

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OSI Systems Reports First Quarter Fiscal 2010 Financial Results

2009-10-27 06:30 ET - News Release

• Q1 FY 2010 Earnings Per Share of $0.14 vs. $0.01 in prior year
• Company raises FY 2010 earnings guidance to $1.14 - $1.23 per share (25%-35% growth)
• Company provides FY 2010 revenue guidance of $620 - $640 million
• Record Security Backlog of $146 million

HAWTHORNE, Calif. -- (Business Wire)

OSI Systems, Inc. (NASDAQ:OSIS), a vertically integrated provider of specialized electronics, today announced financial results for the first quarter ended September 30, 2009.

Deepak Chopra, OSI Systems’ Chairman and CEO, stated, “We had a very successful first quarter of fiscal 2010 despite the impact of a challenging economic environment. Outstanding bookings led to a backlog of $234 million at quarter-end, positioning the Company for substantial sales and earnings growth for fiscal 2010. We are pleased to again demonstrate significantly improved earnings while simultaneously generating excellent free cash flow. These achievements are the direct result of our initiatives to implement organizational changes that have reduced our cost structure and improved our overall operating efficiencies.”

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