Aruba Reports Q1

Revenues for the fiscal Q1 2008 were approximately $46.7M

November 20, 2007

2 Min Read

SUNNYVALE, Calif. -- Aruba Networks, Inc.(NASDAQ: ARUN), a global leader in user-centric networks and secure mobility solutions, today released financial results for the fiscal first quarter ended October 31, 2007.

Revenues for the fiscal first quarter of 2008 were approximately $46.7 million, an increase of 91% from $24.5 million reported in the fiscal first quarter of 2007, and 12% sequentially from $41.7 million reported in the fiscal fourth quarter of 2007. GAAP net loss for the fiscal first quarter of 2008 was $0.6 million, or $0.01 per share, compared to a net loss of $4.5 million, or $0.34 per share in the fiscal first quarter of 2007, and represented a $2.7 million improvement from a net loss of $3.3 million, or $0.04 per share, in the immediately preceding quarter. Aruba's fiscal first quarter of 2008 GAAP results included $4.5 million of non-cash stock-based expenses.

Excluding the impact of stock-based and in-process research and development expenses in all periods, non-GAAP net income for the fiscal first quarter of 2008 was $3.9 million, or $0.04 per diluted share, compared to a non-GAAP net loss of $1.9 million, or $0.14 per share, in the fiscal first quarter of 2007, and represented a $1.9 million improvement from $2.0 million non-GAAP net income, or $0.02 per share, in the immediately preceding quarter.

"We are pleased with our first quarter results. We continued to gain market share from our largest competitors, with revenues increasing 12% sequentially and 91% year-over-year," said Dominic Orr, president and chief executive officer of Aruba Networks. "First quarter demand continued to be strong across the wide range of vertical markets we serve including education, enterprise, government, and healthcare, and no single vertical market accounted for over 20% of sales. Sales were especially strong in October and this momentum has carried over into our second quarter. We believe that our user-centric networking solution is unique in offering the speed of a wired network, the low total cost of ownership and adaptability of a wireless network, and Aruba's industry-leading security and centralized management."

Aruba Networks Inc. (Nasdaq: ARUN)

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