Tuesday, April 29, 2014

Riverbed Posts 8% YoY Growth for Q1

Riverbed reported Q1 2014 revenue of $265 million, up 8% compared to the first quarter of 2013 (Q1’13). GAAP net income for Q1’14 was $3.3 million, or $0.02 per diluted share. This compares to a net loss of $8.1 million, or ($0.05) per diluted share, in Q1’13.


“Our first quarter results are a strong proof point supporting our strategy to bring value to our customers by optimizing the delivery of applications and data on a global scale and to deliver profitable returns to our shareholders,” said Jerry M. Kennelly, chairman and CEO. “Year-over-year revenue growth was led by WAN optimization and strength in enterprise and international sales. We are also very encouraged by our performance management business with increasing revenue from channel partners and significant growth in Europe.”

http://www.riverbed.com

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