Thursday, January 28, 2016

Gigamon Posts Q4 Revenue of $67 Million, up 31% YoY

Gigamon posted Q4 2015 revenue of $67.0 million, up 31% year-over-year. GAAP gross margin was 82%, compared to 77% in the fourth quarter of fiscal 2014. GAAP net income was $2.6 million, or $0.07 per diluted share, compared to GAAP net income of $2.9 million, or $0.09 per diluted share, in the fourth quarter of fiscal 2014. Full year revenue came in at $222.0 million, up 41% from fiscal 2014.

"2015 was a very strong year for Gigamon. We delivered over 40% year over year revenue growth, we increased our gross margins to over 80% and significantly increased our cash reserve to over $200 million," said Paul Hooper, Chief Executive Officer of Gigamon. "Our momentum in the security market continues to increase, with Q4 seeing almost 50% of our total business directly related to Security deployments. We enter 2016 with increased leadership in our market and continue to execute with conviction and predictability."