Ruckus Wireless (RKUS) Tops Q1 EPS by 1c

Ruckus Wireless (NYSE: RKUS) reported Q1 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $75.1 million versus the consensus estimate of $72.21 million.

Ruckus Wireless sees Q2 2014 EPS of $0.04-$0.05, versus the consensus of $0.05. Ruckus Wireless sees Q2 2014 revenue of $78-80 million, versus the consensus of $78.3 million.

"Results for the quarter were consistent with our expectations and reflected solid core revenue growth in international public sector and commercial accounts, coupled with continued softness in the spending of certain Federal defense-related customers," said Jorge Titinger, president and CEO of SGI. "Our core international and commercial business is on track to grow approximately 35% in the fiscal second half; however, in our Federal business we have yet to see the return of historical spending patterns or incremental new program wins to drive immediate growth. As a result, we currently expect total revenue for the fiscal second half to be within the lower end of our previously forecasted range. Looking beyond the current fiscal year, we are confident that we are making the right investments in people and products to drive market share gains and improved ranking among the top providers of supercomputers globally, and to achieve profitable growth in the enterprise through our highly differentiated core offerings for high-performance shared memory analytics."

For earnings history and earnings-related data on Ruckus Wireless (RKUS) click here.

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