This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Aruba Networks Management Discusses Q4 2012 Results - Earnings Call Transcript

Stocks in this article: ARUN

I would like to announce that Aruba Networks will be attending the Jefferies Semiconductor & Hardware Corporate Access in Chicago on August 28; Deutsche Banks' Technology Conference in Las Vegas on September 12. We look forward to seeing many of you there.

Now, I would like to introduce Dominic Orr, President and Chief Executive Officer of Aruba Networks. Dominic?

Dominic P. Orr

Thank you. Good afternoon, and thank you for taking the time to attend our fiscal fourth quarter and full year 2012 conference call. In fiscal 2012, we grew revenue by 30% to $516.8 million, increased non-GAAP gross margin to 73% and increased non-GAAP operating margins to 20.8%. Additionally, we generated $112.9 million in cash from operations while repurchasing approximately $20 million of our common stock. In light of the volatility of the current macro environment, we are pleased with our execution throughout the year.

Moving to the details of the fourth quarter, we achieved our 13th consecutive quarter of record revenue, growing 22% year-over-year and 6% sequentially to $139.2 million. Our traditional key verticals, including education, healthcare and government, performed well in the quarter, and we had strong growth in the general enterprise, including managed services.

We experienced bookings growth in the key geographies in all 3 of our major theaters, with the exception of Southern Europe, which has a small percentage of revenue. We continue to believe that core wireless LAN demand remains very solid, and our bookings and linearity in the quarter were consistent with past Q4s.

Our value proposition continues to resonate with customer worldwide as organizations try to deal with the rapid proliferation of mobile devices and the BYOD phenomenon in the workplace. These trends will continue to fuel our momentum, and we believe our BYOD management solution uniquely solves this growing problem, and will continue to drive Aruba's growth for many years to come

3 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs