Wednesday, February 17, 2010

Aruba's Revenues Rise to $63 Million, up 31%

Aruba Networks reported revenues of $62.7 million for its second quarter of fiscal 2010, an increase of approximately 31% over the $47.7 million reported in the fiscal second quarter of 2009. GAAP net loss for the fiscal second quarter of 2010 was $4.4 million, or $0.05 per share, compared to a net loss of $6.8 million, or $0.08 per share, in the fiscal second quarter of 2009. GAAP results for the fiscal second quarter of 2010 also included $9.0 million of non-cash stock-based expenses, $1.2 million of amortization expenses of acquired intangible assets and $0.5 million in litigation reserves.

"During the quarter we saw strong demand across a broad range of industries and geographies, driving record revenues up 31% year-over-year and 9% sequentially," said Dominic Orr, president and chief executive officer of Aruba. "The adoption of 802.11n continues to be a catalyst for growth and enables our key network rightsizing and Virtual Branch Networking initiatives. Both of these initiatives contributed to our strong quarterly growth as enterprises drive to reduce operating expenses and network costs while supporting increasingly mobile workforces. We are very pleased to have added more than 700 new customers during the quarter, a record for the company, bringing our total installed base to over 9,300 customers."