Infoblox (NYSE:BLOX), today reported financial results for its third fiscal quarter ended April 30, 2012. Total net revenue for the third quarter of fiscal 2012 was a record $43.4 million, an increase of 37% compared with net revenue of $31.8 million in the third quarter of fiscal 2011.
On a GAAP basis, the Company reported a net loss of $1.0 million, or $0.07 loss per fully diluted share, for the third quarter of fiscal 2012, compared with a net loss of $3.1 million, or $0.31 loss per fully diluted share, in the third quarter of fiscal 2011.
The Company reported non-GAAP net income of $2.2 million, or $0.05 earnings per share on a non-GAAP weighted average share basis, for the third quarter of fiscal 2012, compared with non-GAAP net loss of $1.0 million, or $0.03 loss per share on a non-GAAP weighted average share basis, in the third quarter of fiscal 2011. The GAAP to non-GAAP reconciling items, for the third quarters of fiscal 2012 and 2011 can be found in “The Reconciliation of GAAP to Non-GAAP Financial Measures” attached to this press release.
“Infoblox had a strong third quarter, which reflected solid performance across key areas of the company,” said Robert Thomas, President and Chief Executive Officer at Infoblox. “In the quarter, we saw strong demand from both new and existing customers for our automated network control solutions, and we introduced new products designed to extend Infoblox’s competitive lead. We also completed our initial public offering, which is an important milestone for the Company.”Mr. Thomas continued, “Looking ahead, we see strong demand for our automated network control solutions against the backdrop of IT initiatives such as virtualization, next-generation data centers, IPv6 technology, and cloud computing, all of which create enormous complexity and scalability demands on an organization’s network. At the same time, we believe corporate IT departments will continue to struggle to provide network support for the growing proliferation of mobile devices in the workplace. Infoblox enables these next-generation technologies and supports the influx of mobile devices on an organization’s network, by increasing network accuracy and uptime, and providing a highly attractive return-on-investment.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV