Tuesday, February 14, 2012

Aruba Posts Record Revenues, 1,500 New Customers in Latest Quarter

Aruba Networks reported record financial results for its fiscal second quarter 2012 ended January 31, 2012. Revenue for Q2’12 was $126.3 million, an increase of 35 percent from the $93.9 million reported in Q2’11. GAAP net loss for Q2’12 was $11.4 million, or $0.11 per share, compared with $2.8 million, or $0.03 per share, for the same period in the previous year. Non-GAAP net income was $19.4 million, or $0.16 per share, compared with of $16.3 million, or $0.14 per share, in Q2’11.

“Second quarter revenue grew by 35 percent over last year as new and existing customers looked to Aruba’s differentiated solution to solve some of their most strategic IT needs,�? said Dominic Orr, president and chief executive officer. “Our differentiation in security, scalability and mobility software has been built over the last ten years and continues to help us win. To further address our customers mobility needs, we continue to expand our innovative product portfolio with software solutions leveraging our Avenda and Amigopod acquisitions.�?

The company added over 1,500 new customers in Q2 to surpass 19,000 cumulative customers.