Wednesday, July 25, 2007

Riverbed Posts Strong Sales, Releases WDS Software Client for Laptops

Riverbed Technology reported Q2 revenue of $54.0 million, which represents an increase of 199% from the second quarter of last year. Riverbed posted GAAP net income of $3.9 million, or $0.05 per diluted share, compared to a net loss of $6.1 million, or a loss of $0.46 per share, in the second quarter of 2006.

Riverbed noted that it has won over 2,500 cumulative customers since it first introduced the Steelhead product line. Separately, Riverbed announced a software client version of its WDS technology that is intended to deliver LAN-like application performance to any employee, whether on the road, working from home or connected wirelessly in the office. The Steelhead Mobile software accelerates application performance on laptops. Many file downloads that once took mobile or remote workers an hour can be completed in a couple of minutes or seconds, according to the company.

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