Aerohive Networks (HIVE) Tops Q1 EPS by 3c
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Aerohive Networks Reports Record First Quarter 2016 Revenue, Up 55% Year Over Year
May 4, 2016 4:15 PM EDTSUNNYVALE, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in cloud networking and enterprise Wi-Fi, today announced financial results for its first quarter ended March 31, 2016.
Financial Summary
Total revenue for the first quarter of 2016 was $40.1 million, an increase of 55.4% compared with $25.8 million for the first quarter of 2015 and a decrease of 13.2% compared with $46.2 million for the fourth quarter of 2015. Software subscription and services revenue was $7.7 million, or 19% of total revenue for the quarter, compared with $5.3 million, or 21% of total revenue, for the first quarter of 2015.
For the first quarter... More
