Wednesday, March 10, 2010

Procera Reports Fast Growth for its DPI Solutions

Procera Networks, a developer of Evolved Deep Packet Inspection (DPI) solutions providing traffic awareness, control and protection, reported Q4 2009 revenue of $9.4 million, an increase of 108% from $4.5 million in the fourth quarter of 2008. For the fiscal year 2009, total revenue was $20.1 million, an increase of 75% from $11.5 million in fiscal year 2008. The GAAP net income for the fourth quarter of 2009 was $877,000, or a net income of $0.01 per diluted share. This compares to a GAAP net loss of $2.7 million, or a net loss of $0.03 per diluted share, in the fourth quarter of 2008.

Q4 2009 was the seventh consecutive quarter of year-over-year revenue growth for Procera. It was also the first time the company achieved profitability in its history. The company said it also closed two new major carrier contracts in Q4.

"Fiscal year 2009 was a transformational year for Procera Networks as we established ourselves as a credible Tier 1 supplier," said James Brear, president and CEO of Procera.