Aruba Networks Bested Estimates For Q4, Rose 47.2% YoY
August 26, 2011
Aruba Networks (NASDAQ:ARUN) reported Q4 EPS of $0.17 in-line with analyst estimates. Revenues for the quarter rose 47.2% year-over-year to $113.8 million, better than consensus estimates of $109.36 million.Dominic Orr, President and Chief Executive Officer of Aruba said, "Demand for our wireless LAN solutions continued to be strong throughout our fiscal fourth quarter, as revenue increased by 47 percent year-over-year and 8 percent sequentially. Mobile device adoption continues to accelerate resulting in proliferating demand for Enterprise mobility solutions. Revenue from the existing customer base remains strong and we are especially encouraged by our rapid new customer acquisitions adding over 4,500 customers in the last twelve months."