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Infoblox (BLOX) Tops Q1 EPS by 2c; Appoints New CEO

November 25, 2014 4:09 PM EST
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Infoblox (NYSE: BLOX) reported Q1 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $66.7 million versus the consensus estimate of $64.5 million.

Infoblox sees Q2 2015 EPS of $0.04 - $0.05, versus the consensus of $0.04. Infoblox sees Q2 2015 revenue of $66.5 - $68.5 million, versus the consensus of $66.8 million.

“We were pleased with our execution in the quarter, and our ability to deliver top- and bottom-line results that exceeded our expectations,” said Robert Thomas, president and chief executive officer of Infoblox. “During the quarter, we made good progress in new customer acquisition and added some marquee names. The EMEA region also helped drive our performance and was up 14% year-over-year. Finally, both our security and private cloud offerings also performed well, with revenue up quarter-over-quarter. We believe Infoblox is well positioned to maintain its momentum in Fiscal 2015, due to a combination of ongoing demand for our DDI solutions, along with a growing pipeline of security and private cloud opportunities.”

InfoBlox also named Jesper Andersen to the positions of president and chief executive officer, effective December 8, 2014. He will also become a member of the company’s board of directors.

For earnings history and earnings-related data on Infoblox (BLOX) click here.



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