Wednesday, July 30, 2014

Ruckus Wireless Hits Q2 Revenue of $81 Million, up 27% YoY

Ruckus Wireless posted Q2 revenue of $81.0 million, an increase of 26.8% from the second quarter of 2013. GAAP net income was $1.4 million for the second quarter of 2014, compared with $0.7 million for the second quarter of 2013. GAAP operating income was $4.1 million for the second quarter of 2014, compared with $1.1 million for the second quarter of 2013.

"We are very pleased with our execution in the second quarter as we continue to capitalize on the market needs for carrier-class Wi-Fi. Momentum was strong across both our service provider and enterprise businesses. We delivered strong financial results, reporting revenue, gross margins and EPS above guidance," said Selina Lo, president and chief executive officer, Ruckus Wireless. "Our Smart Wi-Fi technology continues to differentiate us against our competitors, our new products are gaining traction and we are seeing new market drivers that will further our momentum."

http://www.ruckuswireless.com

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