[May 21, 2013] Aruba Networks Reports Fiscal Third Quarter 2013 Financial Results Tweet May 21, 2013 (Close-Up Media via COMTEX) -- Aruba Networks, Inc. released financial results for its third quarter of fiscal year 2013 ended April 30. In a release on May 16, the company noted that revenue for Q3'13 of $147.1 million grew 12 percent from the $131.9 million reported in Q3'12. GAAP net loss for Q3'13 was $20.2 million, or $0.18 per diluted share, compared with GAAP net income of $6.0 million, or $0.05 per diluted share, in Q3'12. Non-GAAP net income for Q3'13 was $14.0 million, or $0.11 per diluted share, compared with Q3'12 non-GAAP net income of $19.4 million, or $0.16 per diluted share. "While we are disappointed with our third quarter financial results and are cautious about the near-term spending environment, the secular trends driving our markets are strong," said Dominic Orr, Aruba's president and chief executive officer. "The proliferation of mobile devices and applications as well as BYOD is changing access networking and Aruba's application-aware MOVE architecture is at the forefront of this technology shift." Commenting on the company's financial results, Michael Galvin, Aruba's chief financial officer, added, "While the revenue shortfall impacted our operating results, gross margin remained strong and within our target range. During the quarter, we continued our strong working capital management, generating $25.3 million in cash flow from operations and ending the quarter with $440.9 million in cash, cash equivalents and short-term investments." Recent Highlights -Extended our mobility solution portfolio with the announcement to acquire Meridian Apps, Inc., a Portland, Oregon based mobile-software company that helps location-based businesses engage with their visitors. -Introduced Aruba WorkSpace, a component of the ClearPass Access Management System with more than 40 applications at launch and for the first time, Network Access Control (NAC), Mobile Device Management (MDM) and Mobile Application Management (MAM) systems are a part of one solution that work together to secure company data and reduce BYOD helpdesk costs. -Introduced Aruba Networks HybridControl Wi-Fi architecture with the Aruba 7200 Mobility Controller, bringing unprecedented scale, savings and enterprise-class capabilities for service providers increasingly looking to deploy dual-purpose Wi-Fi infrastructure for cellular offload and managed services. Aruba Networks is a provider of next-generation network access solutions for the mobile enterprise. More Information: http://www.arubanetworks.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]