Aruba Networks, Inc. (ARUN) Tops Q4 EPS by 1c, Raises FY15 Operating Margin Target

Aruba Networks, Inc. (NASDAQ: ARUN) reported Q4 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $202.9 million versus the consensus estimate of $194.83 million.

Michael Galvin, Aruba’s chief financial officer, added, “We delivered record revenues both in Q4 and fiscal 2014 and improved our non-GAAP operating margin by 530 basis points over the last four quarters. From this position of strength, we are announcing a cost optimization plan that will reduce certain positions, and shift other positions to lower-cost, talent-rich locations, providing the foundation for efficiently scaling the company with a global infrastructure. Based on these actions and our expectation of continued growth, we are raising our fiscal 2015 non-GAAP operating margin target to 21 to 22 percent.”

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

You May Also Be Interested In

• Rivian reports record Q3 deliveries, beats estimates, shares rise
• Micron Technology (MU) Tops Q4 EPS by $2.26, Offers Guidance
• McCormick & Co. (MKC) Tops Q3 EPS by 10c, Beats on Revenue; Offers EPS Guidance