Wednesday, November 16, 2011

Aruba Networks Posts Record Quarter, Sales up 44% YoY

Aruba Networks reported record sales for its fiscal first quarter 2012 ended October 31, 2011: revenue of $119.4 million, an increase of 44 percent from the $83.1 million reported in Q1'11. GAAP net loss for Q1'12 was $0.5 million, or $0.00 per share, compared with net income of $2.1 million, or $0.02 per share, in Q1'11.

First quarter revenue increased by 44 percent year-over-year, in part due to the proliferation of mobile devices, which continued to drive growth for our wireless LAN solutions,�? said Dominic Orr, President and Chief Executive Officer of Aruba. “We believe that mobile device adoption will only increase, resulting in even more demand on the network edge for enterprise mobility solutions as employees continue to bring their mobile devices to work. With our MOVE architecture, scalability, and superior security, we believe we are well positioned to take advantage of this trend, and that our pending acquisition of Avenda Systems will enhance our solution and technology differentiation once it is completed.�?