& 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
    From The Founder
    The time has come for a telecom app store to save the industry.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    LRTV Documentaries
    Service Provider Panel: Partnering in the Digital Era

    5|22|17   |     |   (0) comments


    Coopetition has always been part of telecom, but the ecosphere now includes data centers, vendors, apps developers, cloud service providers and Internet content providers. This BCE 2017 panel explores the new attitudes among network operators as to the value and variety of ...
    LRTV Interviews
    Site Demo: AT&T's IoT Flow Platform

    5|19|17   |   04:25   |   (0) comments


    At AT&T's R&D center in Tel Aviv, Israel, project leader Eyal Segev talks about the operator's Flow platform and how it helps to prototype IoT applications.
    LRTV Documentaries
    Agent of Change: A Q&A With AT&T's John Donovan

    5|18|17   |     |   (0) comments


    Carol Wilson talks with the man leading AT&T's transformation efforts about the challenge of change.
    LRTV Documentaries
    BCE Service Provider Panel: The New Business Realities

    5|18|17   |     |   (0) comments


    For virtualization to happen, the telecom industry first has to grapple with key functional aspects of SDN and NFV that need to be universal, such as onboarding of virtualized network functions and federation of software-defined networks.
    LRTV Interviews
    BCE Service Provider Keynote: CenturyLink

    5|16|17   |   22:32   |   (0) comments


    Aamir Hussain leads the Product Development and Technology organization at CenturyLink, which includes the company's information technology function. He is an experienced senior technology executive with more than 25 years of proven success in the implementation of global technology operations, operationalization of complex technology, infrastructures and business ...
    LRTV Interviews
    CenturyLink CTO on Transformation

    5|16|17   |   7:43   |   (0) comments


    The 50-year-old telco has already gone through several transformations, including every time it made an acquisition, but its purchase of Level 3 coupled with changes in technology and customer expectations necessitates its biggest transformation yet.
    LRTV Documentaries
    Light Reading Hall of Fame 2017

    5|15|17   |   5:05   |   (1) comment


    Find out who made it into Light Reading's Hall of Fame this year.
    LRTV Interviews
    Site Visit: AT&T's Tel Aviv R&D Center

    5|15|17   |   09:58   |   (1) comment


    Nir Shalom, general manager and VP of application development at AT&T Israel, talks about the key service developments undertaken at the AT&T R&D facility in Tel Aviv and how the team there has adopted new ways of working.
    Telecom Innovators Video Showcase
    Act on Your Intelligence With Amdocs aia!

    5|15|17   |     |   (0) comments


    Amdocs CMO Gary Miles explains how communications service providers can seize the AI opportunity with Amdocs real-time digital intelligence platform.
    LRTV Interviews
    Logtel CEO: Making Sense of IoT

    5|15|17   |   09:48   |   (0) comments


    Jacques Bensimon, founder and CEO of Tel Aviv-based training and consultancy Logtel, talks about the need to make IoT more than just a buzzword.
    LRTV Huawei Video Resource Center
    The Challenges of Mobile Banking Implementation

    5|12|17   |     |   (0) comments


    Kamal Quadir of bKash Limited explains the challenges and needs of implementing mobile banking in the Bangladesh market.
    LRTV Interviews
    Tel Aviv: A Hub of Innovation

    5|10|17   |   07:58   |   (0) comments


    Light Reading's Ray Le Maistre and Dan Allen discuss the technology innovation, food and amazing sights they witnessed during a recent trip to Israel.
    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
    AT&T's Donovan: Women Adapt Faster Than Men
    Sarah Thomas, Director, Women in Comms, 5/18/2017
    Verizon on M&A: Who Needs a Cableco?
    Mari Silbey, Senior Editor, Cable/Video, 5/17/2017
    Standardization Needs Room for Innovation
    Mitch Wagner, Editor, Enterprise Cloud, 5/17/2017
    Fright Wigs & Cocktails: BCE 2017 in Pics
    Mitch Wagner, Editor, Enterprise Cloud, 5/19/2017
    When Gig Speeds Alone Aren't Enough
    Mari Silbey, Senior Editor, Cable/Video, 5/23/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
    TEOCO Founder and CEO Atul Jain talks to Light Reading Founder and CEO Steve Saunders about the challenges around cost control and service monetization in the mobile and IoT sectors.
    Animals with Phones
    What Brogrammers Look Like to the Rest of Us Click Here
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.