Needham & Company Reiterates Buy on Gigamon, Inc. (GIMO) Following a 3Q Beat and Raise
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Gigamon Reports Third Quarter 2015 Financial Results
October 22, 2015 4:16 PM EDTSANTA CLARA, Calif., Oct. 22, 2015 /PRNewswire/ -- Gigamon® Inc. (NYSE: GIMO), the leader in traffic visibility solutions, today released financial results for the third quarter ended September 26, 2015.
Third Quarter 2015 Financial Highlights:
Revenue of $56.7 million, up 44% year-over-year. GAAP gross margin was 80%, compared to 77% in the third quarter of fiscal 2014. Non-GAAP gross margin was 81%, compared to 78% in the third quarter of fiscal 2014. GAAP net income was $4.3 million, or $0.12 per diluted share,... More