Tuesday, April 24, 2012

NETGEAR Continues to Grow at 17% YoY Pace

NETGEAR reported Q1 2012 revenue of $325.6 million, as compared to $278.8 million in the comparable prior year quarter, 16.8% year-over-year growth. Non-GAAP net income was $28.1 million, as compared to $24.2 million in the comparable prior year quarter, 16.1% year-over-year growth.


Patrick Lo, Chairman and Chief Executive Officer of NETGEAR commented, "The first quarter of 2012 represents another record breaking period for our net revenue and non-GAAP operating income. We continued to gain share in all markets due to the strength of our products and our ability to supply upside demand from our service provider customers. Year-on-year growth in the Americas provides another example of our exceptional operational execution and our ability to meet a surge in demand from our service provider customers, both on Docsis 3.0 and DSL gateways. The tremendous year-on-year growth we experienced in the APAC region was driven by market share gains across all three major markets: China, Australia, and Japan."http://www.netgear.com

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