Tuesday, October 18, 2011

Riverbed Posts Q3 Revenue of $190 Million, up 28%

Riverbed reported Q3 2011 revenue of $190 million, an increase of 28% from $148 million of GAAP revenue reported in the third quarter of fiscal year 2010 (Q3'10). Non-GAAP revenue increased 29% to $191 million. GAAP net income for Q3'11 was $19 million, or $0.12 per share. This compares to GAAP net income of $14 million, or $0.09 per diluted share, in Q3'10. Non-GAAP net income for Q3'11 was $40 million, or $0.24 per diluted share, as compared to non-GAAP net income for Q3'10 of $27 million, or $0.17 per diluted share.

“We are very pleased with our third quarter financial results,�? said Jerry M. Kennelly, Riverbed president and CEO. “We were able to generate record revenue and strong sequential and year-over-year growth against the backdrop of an uncertain global economy. We achieved record non-GAAP operating margin of 30% and record non-GAAP net income of $40 million during a quarter in which we closed two acquisitions. Riverbed has evolved into a company that delivers a performance platform to dramatically improve IT. Our market position is stronger than ever and we are excited about the opportunity before us.�?http://www.riverbed.com

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