Wednesday, May 23, 2007

Aruba Networks Posts Revenue of $34.7 Million

Aruba Networks reported quarterly revenues of $34.7 million, an increase of 65% from $21.0 million reported in the same quarter of last year. GAAP net loss for the quarter was $9.3 million, or $0.26 per share, compared to a net loss of $1.5 million, or $0.13 per share in the same quarter of 2006.

"Our momentum in the marketplace is reflected in our revenue growth, which increased during the quarter on both a sequential and year-over-year basis," said Dominic Orr, president and chief executive officer of Aruba Networks. "We continued to add new customers at a rapid rate and now have over 2,400 customers."

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