Thursday, July 23, 2015

Gigamon Posts Q2 Sales of $51 Million, up 48% YoY

Gigamon reported Q2 revenue of $51.4 million, up 48% year-over-year. GAAP net income was $38,000, or $0.00 per basic and diluted share, compared to GAAP net loss of $32.5 million, or $1.01 per basic and diluted share, in the second quarter of fiscal 2014.

"Our record performance in the quarter was driven by continued traction of our security and GigaSMART portfolios, and strong results in our Federal and Service Provider businesses in the quarter," said Paul Hooper, chief executive officer of Gigamon.  "Reflecting our continued focus and investment in the security market, earlier this week we announced our GigaSECURE Security Delivery Platform - an industry-first.  Our new Platform establishes a powerful architecture to improve the efficiency and effectiveness of both defense and detection security systems and solutions connected to the Gigamon Visibility Fabric."