Atwood's Profit Up for Q2

Atwood Oceanics, Inc. said that it earned net income of $31,757,000 or $1.01 per diluted share, on revenues of $94,262,000 for the quarter ended March 31, 2007, compared to net income of $15,629,000 or $.50 per diluted share, on revenues of $67,529,000 for the quarter ended March 31, 2006.

For the six months ended March 31, 2007, the Company earned net income of $52,842,000 or $1.67 per diluted share, on revenues of $183,062,000 compared to net income of $30,152,000 or $.96 per diluted share, on revenues of $122,943,000 for the six months ended March 31, 2006.

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