Thursday, May 17, 2012

Aruba Posts $132 Million in Revenue, up 25% YoY

Aruba Networks reported quarterly revenue of $131.9 million, an increase of 25 percent from the $105.8 million reported in Q3’11. GAAP net income for Q3’12 was $6.0 million, or $0.05 per share, compared with GAAP net income of $3.2 million, or $0.03 per share, for the same period in the previous year.

“We are pleased with our solid third quarter results as we grew revenue 25 percent year-over-year to the highest level in our history,” said Dominic Orr, president and chief executive officer. “Our differentiated mobile-centric approach to the access network continues to resonate with both new and existing customers as the global proliferation of mobile devices and the BYOD trend fundamentally change how users securely connect to their enterprise resources. The recent customer wins we made this quarter with our MOVE architecture demonstrate the power of our platform to expand within our current customer base and win new accounts.”