Thursday, January 30, 2014

Riverbed Hits Record Quarterly Revenue

Riverbed Technology reported record quarterly revenue of $283 million (GAAP) for Q4 2013, up 8% compared to the third quarter of fiscal year 2013 and 19% compared to the fourth quarter of fiscal year 2012.  GAAP net income for Q4'13 was $8 million, or $0.05 per diluted share. This compares to $4 million, or $0.02 per diluted share, in Q3'13 and $5 million, or $0.03 per diluted share, in Q4'12.


For FY'13, Riverbed reached GAAP revenue was $1.0 billion, up 24% compared to FY '12.

"Riverbed is executing well on a strategy to create sustained growth for our business, strategic value for our customers, and profitable returns for our shareholders," said Jerry M. Kennelly, chairman and CEO, Riverbed. "Our strong 2013 finish demonstrates progress across our major product lines and all geographies, and strength in enterprise sales. For the full year we are reporting more than $1 billion in revenue, an important milestone in the Company's history, and a good base from which we will drive our next leg of growth."

http://www.riverbed.com

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