Aruba Networks (ARUN) Tops Q2 EPS by 3c

Aruba Networks (NASDAQ: ARUN) reported Q2 EPS of $0.30, $0.03 better than the analyst estimate of $0.27. The company posted revs of $212.9 million, versus the consensus of $210.2 million.

“We are pleased to report solid results for the second quarter, reflecting continued execution on our strategic plan,” said Dominic Orr, president and chief executive officer, Aruba Networks. “Our results were supported by continued growth in our key geographies, strong year-over-year performance in our Federal vertical, further success in penetrating the Global 2000, and increasing traction in our SME business. We believe we are well positioned to capitalize on the continued growth in WLAN, the potential opportunities from increased E-Rate funding later this year, and the continued 802.11ac refresh cycle.”

Commenting on the company’s financial results, Michael Galvin, chief financial officer, Aruba Networks, added, “We delivered a strong financial quarter on many fronts. Strong revenue growth and gross margin expansion coupled with prudent management of operating expenses led to a record quarter for non-GAAP operating margin. While the impact of E-Rate is uncertain in our fiscal third quarter, we are well positioned to capture this great opportunity in our fiscal fourth quarter and beyond.”

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

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