& cplSiteName &

Gigamon Reports Q4

Light Reading
News Wire Feed
Light Reading
2/5/2014
50%
50%

SILICON VALLEY, Calif. -- Gigamon Inc. (NYSE:GIMO), a leader in traffic visibility solutions with the innovative Visibility Fabric architecture, today released financial results for the fourth quarter and fiscal year ended December 28, 2013.

Fiscal Fourth Quarter 2013 Financial Highlights:

  • Revenues for the fourth quarter of fiscal 2013 were $43.1 million, compared to $31.9 million in the fourth quarter of fiscal 2012, representing growth of 35% year-over-year.
  • GAAP gross margins of 80% in the fourth quarter of fiscal 2013, compared to 79% in the fourth quarter of fiscal 2012.
  • Non-GAAP gross margins of 81% in the fourth quarter of fiscal 2013, compared to 79% in the fourth quarter of fiscal 2012.
  • GAAP net loss for the fourth quarter of fiscal 2013 was $0.1 million, or $0.00 per diluted share, compared to GAAP net income of $2.1 million, or $0.12 per diluted share, in the fourth quarter of fiscal 2012.
  • Non-GAAP net income for the fourth quarter of fiscal 2013 was $6.0 million, or $0.18 per diluted share, compared to non-GAAP net income of $4.9 million, or $0.28 per diluted share, in the fourth quarter of fiscal 2012.
  • We generated $22.5 million of cash from operations. Fiscal Year 2013 Financial Highlights:
  • Revenues for fiscal year 2013 were $140.3 million, compared to $96.7 million in fiscal year 2012, representing growth of 45% year-over-year.
  • GAAP gross margins of 78% in fiscal year 2013, compared to 79% in fiscal year 2012.
  • Non-GAAP gross margins of 81% in fiscal year 2013, compared to 79% in fiscal year 2012.
  • GAAP net loss for fiscal year 2013 was $9.5 million, or $0.39 per diluted share, compared to GAAP net income of $3.6 million, or $0.21 per diluted share, in fiscal year 2012.
  • Non-GAAP net income for fiscal year 2013 was $15.9 million, or $0.53 per diluted share, compared to non-GAAP net income of $11.1 million, or $0.62 per diluted share, in fiscal year 2012.
  • We generated $23.6 million of cash from operations. "We are pleased to have exceeded our guidance for both revenue and earnings in the fourth quarter," said Paul Hooper, CEO of Gigamon. "In the quarter we added 92 new customers, including 15 Fortune 1000 companies, continued to expand our portfolio of pervasive visibility and traffic intelligence solutions and laid the foundation for continued growth in 2014."

    Gigamon Systems LLC

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
    Flash Poll
    Upcoming Live Events
    November 1, 2017, The Royal Garden Hotel
    November 1, 2017, The Montcalm Marble Arch
    November 2, 2017, 8 Northumberland Avenue, London, UK
    November 2, 2017, 8 Northumberland Avenue – London
    November 10, 2017, The Westin Times Square, New York, NY
    November 16, 2017, ExCel Centre, London
    November 30, 2017, The Westin Times Square
    May 14-17, 2018, Austin Convention Center
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    Muni Policies Stymie Edge Computing
    Carol Wilson, Editor-at-large, 10/17/2017
    'Brutal' Automation & the Looming Workforce Cull
    Iain Morris, News Editor, 10/18/2017
    Is US Lurching Back to Monopoly Status?
    Carol Wilson, Editor-at-large, 10/16/2017
    Pai's FCC Raises Alarms at Competitive Carriers
    Carol Wilson, Editor-at-large, 10/16/2017
    Worried About Bandwidth for 4K? Here Comes 8K!
    Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 10/17/2017
    Animals with Phones
    Selfie Game Strong Click Here
    Latest Comment
    Live Digital Audio

    Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

    During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

    She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

    Like Us on Facebook
    Twitter Feed
    Partner Perspectives - content from our sponsors
    The Mobile Broadband Road Ahead
    By Kevin Taylor, for Huawei
    All Partner Perspectives