Aruba Reports Q4

SUNNYVALE, Calif. -- Aruba Networks, Inc. (NasdaqGM:ARUN - News), a global leader in user-centric networks and secure mobility solutions, today released financial results for the fiscal fourth quarter and full year ended July 31, 2007.

Revenues for the fiscal fourth quarter of 2007 were approximately $41.7 million, an increase of 74% from $23.9 million reported in the fourth quarter of last year and 20% sequentially from $34.7 million reported in the immediately preceding fiscal third quarter. GAAP net loss for the fiscal fourth quarter of 2007 was $3.3 million, or $0.04 per share, compared to a net loss of $1.4 million, or $0.11 per share in the fiscal fourth quarter of 2006 and represented a $6.0 million improvement from a net loss of $9.3 million or a net loss of $0.26 per share, in the immediately preceding quarter. Aruba's fourth quarter of 2007 GAAP results included $4.8 million of non-cash stock-based expenses and in-process research and development expenses of $0.6 million.

Excluding the impact of stock-based and in-process research and development expenses in all periods, non-GAAP net income for the fiscal fourth quarter of 2007 was $2.0 million, or $0.02 per diluted share, compared to a non-GAAP net loss of $1.1 million, or $0.09 per share, in the fiscal fourth quarter of 2006 and represented a $1.0 million improvement from $1.0 million net income, or $0.01 per share from the immediately preceding quarter.

Revenues for the fiscal year ended July 31, 2007 were approximately $127.5 million, an increase of 76% from $72.5 million reported in the prior year. GAAP net loss for the full fiscal year 2007 was $24.4 million, or $0.70 per share, compared to a net loss of $12.0 million, or $1.07 per share in 2006. Non-GAAP net loss for the full fiscal year was $2.0 million, or $0.06 per share, compared to a net loss of $10.1 million, or $0.90 per share in 2006.

"We are pleased with our fourth quarter and fiscal year results. In our fourth quarter, revenues increased 20% sequentially and 74% year-over-year as our award winning WLAN products and unique user-centric architecture continue to resonate with customers," commented Dominic Orr, president and chief executive officer of Aruba Networks. "Demand for true mobility is increasing at the same time that CIO's struggle with maintaining the security of their network in a mobile world. Our ability to securely and seamlessly deliver enterprise networks to users wherever they work or roam is a clear competitive differentiator in a fast growing market. To capitalize on this demand, we continue to invest in our industry-leading wireless LANs and client to core security technology, strengthen our strategic partnerships, expand our sales force and create new distribution channels for our products."

Aruba Networks Inc. (Nasdaq: ARUN)