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Aruba Networks reports 21% revenue increaseNov 19, 2012 (TELECOMWORLDWIRE via COMTEX) -- Aruba Networks, Inc. (NASDAQ: ARUN) declared revenue for its first quarter of 2013 of $144.5 million, an increase of 21 percent from the $119.4 million reported in Q1'12. GAAP net loss for Q1'13 was $0.8 million, or a loss of $0.01 per share, compared with GAAP net loss of $0.5 million, or $0.00 per share, in Q1'12. Non-GAAP net income for Q1'13 was $22.1 million, or $0.18 per share, compared with non-GAAP net income of $16.7 million, or $0.14 per share, in Q1'12. A reconciliation between GAAP and non-GAAP information is contained in the tables below. "We delivered a strong first quarter with 21 percent revenue growth year-over-year and our fourteenth consecutive quarter of record revenue," said Dominic Orr, Aruba's president and chief executive officer. "During the quarter, we saw healthy growth across our major products and core verticals." Aruba Networks is a provider of next-generation network access solutions for the mobile enterprise. The company's Mobile Virtual Enterprise architecture unifies wired and wireless network infrastructures into one seamless access solution for corporate headquarters, mobile business professionals, remote workers and guests. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ] |