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Aruba Networks's revenues increase by 8 percent
By siliconindia   |   Saturday, 13 June 2009, 00:23 IST
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Aruba Networks's revenues increase by 8 percent
Bangalore: Aruba Networks, a provider of wireless LANs and secure mobility solutions, has registered an increase in its revenues from $42.6 million in 2008 to $45.8 million in the third quarter of fiscal 2009. "In the third quarter, we achieved eight percent year-over-year revenue growth and won a large number of customers. We believe that Aruba Networks offers both existing and potential customers the lowest total cost of ownership, fully integrated security and proven scalability with some of the world's largest organizations," said Dominic Orr, President and CEO of Aruba Networks. Company has added 500 more people in this quarter and, the total customer count now exceeds 7000. GAAP net loss for the fiscal third quarter of 2009 was $5.8 million, or $0.07 per share, compared to a net loss of $6.2 million, or $0.08 per share, in the fiscal third quarter of 2008. GAAP results for the fiscal third quarter of 2009 included $5.5 million of non-cash stock based expenses and $1.2 million of amortization expense of acquired intangible assets. "We were pleased to have increased our operating leverage, as we reduced operating expenses in both actual dollars and as a percentage of sales from the immediately preceding quarter and the same period last year. We enter our fourth fiscal quarter with improved visibility from the prior quarter and $111.8 million of cash and short term investments, with no debt," said Steffan Tomlinson, Aruba's Chief Financial Officer. Non-GAAP net income for the fiscal third quarter of 2009 increased $2.1 million from the fiscal third quarter of 2008 to $1.0 million, or $0.01 per share. Non-GAAP net income for these periods excludes the impact of non-cash stock-based expenses and amortization expense of acquired intangible assets in all periods and, for the fiscal third quarter of 2008, acquisition related severance expense.

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