Aerohive Networks (HIVE) Misses Q2 EPS by 3c

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Go back to Aerohive Networks (HIVE) Misses Q2 EPS by 3c

Aerohive Networks Reports Second Quarter 2015 Financial Results

August 5, 2015 4:05 PM EDT

Revenue grew 43% sequentially

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, today announced financial results for its second quarter of 2015, ended June 30, 2015.

Financial Summary

Total revenue for the second quarter of 2015 was $36.8 million, an increase of 43% compared with $25.8 million for the first quarter of 2015 and a decrease of 2% compared with $37.6 million for the second quarter of 2014. Software subscription and services revenue was $6.1 million, or 17% of total revenue for the quarter, compared with $3.8... More