HAWTHORNE, CA -- OSI Systems reported September quarter revenues of $266.2 million, up 4% from a year ago.

Net income for the quarter was $9.4 million, down from $10.2 million last year.

Sales at the Optoelectronics and Manufacturing unit increased 20% over the prior-year period, inclusive of acquisitions. A strong mix of revenues and operational execution led to significant year-over-year operating margin expansion, the firm said.

In a statement, chairman and chief executive Deepak Chopra said, “We are pleased with the first quarter performance as we delivered record first quarter revenues and solid profit. Our growing backlog and strong book-to-bill ratio reflect a robust pipeline of opportunities, putting us in good position for the remainder of fiscal 2019.”

During the quarter ended Sept. 30, the company’s book-to-bill ratio was 1.2 and the backlog was $1.04 billion compared to $976 million sequentially.

The company raised its fiscal 2019 sales guidance to $1.14 billion to $1.175 billion, which would represent growth of 5% to 8% compared to the prior fiscal year.

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