Infoblox Turns To Profit In Q4; Issues Q1, FY14 Outlook

(RTTNews) - Infoblox Inc. (BLOX) reported fourth-quarter net income of $1.5 million, or $0.03 per share, compared to a net loss of $4.3 million, or $0.10 per share in the previous year period.

Non-GAAP net income was $7.9 million, or $0.14 per share, compared to $0.7 million, or $0.01 per share in the comparable quarter last year.

Total net revenue for the latest third quarter was $58.04 million, up from $43.42 million in the year ago quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share on revenues of $56.06 million for the third quarter. Analysts' estimates typically exclude special items.

Looking ahead, to the first quarter, the company currently expects non-GAAP earnings per share to be $0.08 to $0.09 and total net revenue of $62.5 million to $63.5 million. Analysts expect the company to report earnings of $0.09 per share on revenues of $61.77 million for the first quarter.

For the fiscal year ending July 31, 2014, the company currently expects non-GAAP earnings per share to be $0.44 to $0.55 and total net revenue of $270 million to $276 million.

Analysts now expect the company to report earnings of $0.49 per share on revenues of $268.45 million for fiscal 2014.