Wednesday, July 21, 2010

Riverbed Reports Q2 Revenue of $126.2 million, up 39% YoY

Riverbed Technology reported Q2 revenue of $126.2 million, up 12.3% compared to the first fiscal quarter of 2010 (Q1'10), and up 38.7% compared to a year earlier. Net income (GAAP) for Q2 was $6.6 million, or $0.09 per diluted share. This compares to GAAP net income of $1.1 million, or $0.01 per share, in Q1 and a GAAP net loss of $0.3 million, or $0.00 per share, for Q2 last year.

"Riverbed reported a record breaking second quarter as WAN optimization continues to be a strategic priority investment for businesses and governments around the world," said Jerry M. Kennelly, Riverbed president and CEO. "We executed well, achieving 39 percent year-over-year revenue growth with product sales increasing more than 40 percent over the prior year, marking our fourth consecutive quarter of product revenue acceleration."

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