Wednesday, July 22, 2009

Riverbed Posts Q2 Revenue of $91 Million

Riverbed Technology reported Q2 revenue of $91.0 million, an increase of 12% from $81.6 million of GAAP revenue reported in the second quarter of fiscal year 2008. The GAAP net loss for Q2 was $290,000, or $0.00 per diluted share. This compares to a GAAP net loss of $869,000, or $0.01 per diluted share, in Q2'08.

"Riverbed has continued to deliver revenue growth in a persistently challenging global economic environment, and the second quarter marks our 14th consecutive quarter of year-over-year top line expansion," said Jerry M. Kennelly, Riverbed president and CEO. "We experienced another strong quarter of new customer additions, ending the second quarter with more than 6,500 customers."