Monday, November 3, 2014

Ruckus Wireless Posts Q3 Revenue of $85 Million, up 23% YoY

Ruckus Wireless posted third quarter 2014 revenue of $85.0 million, an increase of 23.3% from the third quarter of 2013. GAAP net income was $3.6 million for the third quarter of 2014, compared with $0.1 million for the third quarter of 2013. GAAP operating income was $6.1 million for the third quarter of 2014, compared with an operating loss of $0.5 million for the third quarter of 2013.

"Our enterprise and service provider business remained strong, fueled by rising demand for public Wi-Fi access in consumer facing enterprises and public venues. To drive long-term growth, corresponding with our long history of innovation, we introduced a new product line that expands our addressable market," said Selina Lo, president and chief executive officer, Ruckus Wireless. "We are also pleased with the progress we made in operating leverage, reporting record operating margins for the quarter."

http://www.ruckuswireless.com

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