Wednesday, November 18, 2009

Aruba's Revenue Rises 8% Sequentially

Aruba Networks reported quarterly revenue of $57.6 million, an increase of approximately 10% over the $52.4 million for the same period last year and up 8% over the preceding quarter. In the fiscal quarter, the company had a $19.75 million litigation settlement expense. Including this cost, GAAP net loss was $24.7 million, or $0.28 per share, compared to a net loss of $6.4 million, or $0.08 per share, in the same period last year.

"We are pleased to report record revenues and both sequential and year-over-year revenue growth," said Dominic Orr, president and chief executive officer of Aruba. "Demand was robust across both our core verticals and the broader enterprise. We believe that we are continuing to gain market share, and expect to see further traction for our 802.11n products as a result of the recent introduction of our new value-priced, high-performance AP-105 802.11n Access Point. "