Aerohive Networks (HIVE) Tops Q2 EPS by 4c
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Aerohive Networks Reports Record Revenue of $47.6 Million for Second Quarter 2016
August 3, 2016 4:15 PM EDTRepresents Growth of 29% Year over Year
MILPITAS, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in cloud networking and enterprise Wi-Fi, today announced financial results for its second quarter ended June 30, 2016.
Financial Summary
Total revenue for the second quarter of 2016 was $47.6 million, an increase of 29% compared with $36.8 million for the second quarter of 2015 and an increase of 19% compared with $40.1 million for the first quarter of 2016. Software subscription and services revenue was $8.1 million, or 17% of total revenue for the quarter, compared with $6.1 million, or 17% of total... More
