Thursday, November 21, 2013

Aruba Posts Quarterly Revenue of $161M, up 11% YoY

Aruba Networks reported record quarterly revenue of $160.9 million, up 11 percent from the $144.5 million reported in Q1’13. G


AAP net loss for Q1’14 was $7.8 million, a loss of $0.07 per share, compared with GAAP net loss of $0.8 million, or a loss of $0.01 per share, in Q1’13.

“In the first quarter, we surpassed our revenue expectations and executed well on our initiatives to grow our sales and channel engine,” said Dominic Orr, Aruba’s president and chief executive officer. “The early strong performance of our 802.11ac solutions validate our technology leadership position in the industry. Additionally, we expanded our addressable market with the launch of our Aruba Central cloud-based management service, bringing Aruba’s enterprise-class performance, manageability and reliability to the cloud. Our competitive position continues to grow as IT teams recognize that upgrading their wired closet will not solve their most pressing needs brought about by an increasingly wireless world and the proliferation of devices needing access to their networks."

http://www.arubanetworks.com/

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