Aruba Networks (ARUN) Tops Q1 EPS by 1c

Aruba Networks (NASDAQ: ARUN) reported Q1 EPS of $0.26, $0.01 better than the analyst estimate of $0.25. Revenue for the quarter came in at $207.8 million versus the consensus estimate of $204.3 million.

“Driven by our focus on profitable growth, we generated record revenue of $207.8 million. This strong performance was coupled with a solid improvement in our profitability in the first quarter,” said Dominic Orr, president and chief executive officer, Aruba Networks. “Adoption of 802.11ac technology continued to drive growth in many of our verticals, including federal government, retail and enterprise. Our recent focus on penetrating the small to mid-sized enterprise market is paying off, and we are excited about the opportunity to continue to accelerate in this fast growing portion of the wireless market.”

Commenting on the company’s financial results, Michael Galvin, chief financial officer, Aruba Networks, added, “We delivered a strong quarter across all of our key financial metrics, including non-GAAP gross margins and non-GAAP operating margins. Further, our effective working capital management generated $46.6 million in operating cash flow.”

The company sees Q2 EPS of $0.26 - $0.27 compare to the consensus of $0.27. Revenue is seen at $208 - $212 million vs $211.75 million.

For earnings history and earnings-related data on Aruba Networks (ARUN) click here.

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