Tuesday, February 12, 2013

Ruckus Posts Q4 Revenue of $62 Million, Up 51% YoY

Ruckus Wireless reported Q4 revenue of $62.2 million, up 51% compared to $41.0 million reported in the fourth quarter of 2011. GAAP net income was $1.9 million, compared with a net income of $3.2 million in the fourth quarter of 2011.  GAAP net income per diluted share was $0.03 for the fourth quarter of 2012 compared to $0.02 for the fourth quarter of 2011.

"2012 was an exciting year for Ruckus Wireless.  In addition to completing our IPO, we continued to make progress on our business objectives while growing our revenue 79% and significantly increasing profitability over the prior year," said, Selina Lo, President and Chief Executive Officer at Ruckus Wireless.

http://www.ruckuswireless.com

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