Aruba Swings To Profit, Tops Estimates

(RTTNews) - Aruba Networks Inc (ARUN), a provider of enterprise mobility solutions, on Thursday reported second-quarter net earnings of $5.7 million or $0.05 per share compared with a loss of $10.7 million or $0.10 per share last year.

Excluding stock-based compensation and other one-time items, adjusted earnings for the quarter were $0.30 per share compared with earnings of $0.18 per share a year ago.

Revenues for the quarter were $212.9 million compared with $176.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.27 per share on revenues of $210 million for the quarter. Analysts' estimates typically exclude special items.

Gross margin for the quarter rose to 71.7% from 69.7% last year. Operating margin was 10.3% versus a negative 2.1% percent a year ago.

"Our results were supported by continued growth in our key geographies, strong year-over-year performance in our Federal vertical, further success in penetrating the Global 2000, and increasing traction in our SME business," said CEO Dominic Orr.

"We believe we are well positioned to capitalize on the continued growth in WLAN, the potential opportunities from increased E-Rate funding later this year, and the continued 802.11ac refresh cycle."