Gigamon, Inc. (GIMO) Tops Q1 EPS by 5c

Gigamon, Inc. (NYSE: GIMO) reported Q1 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $69.6 million versus the consensus estimate of $68.77 million.

• Revenue of $69.6 million, up 4% year-over-year.
• GAAP gross margin was 81%, compared to 81% in the first quarter of fiscal 2016.
• Non-GAAP gross margin was 82%, compared to 82% in the first quarter of fiscal 2016.
• GAAP net loss was $(2.2) million, or $(0.06) per basic and diluted share, compared to GAAP net income of $3.0 million, or $0.08 per diluted share, in the first quarter of fiscal 2016.
• Non-GAAP net income was $4.6 million, or $0.12 per diluted share, compared to non-GAAP net income of $8.2 million, or $0.22 per diluted share, in the first quarter of fiscal 2016.
• Cash and short-term investments were $265 million, up $7 million from the fourth quarter of 2016 and up $57 million from the first quarter of fiscal 2016.

For earnings history and earnings-related data on Gigamon, Inc. (GIMO) click here.

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