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Infoblox Reports Fourth Quarter Of Fiscal 2012 Results

Infoblox (NYSE:BLOX), today reported its financial results for its fourth fiscal quarter and fiscal year ended July 31, 2012. Total net revenue for the fourth quarter of fiscal 2012 was a record $45.1 million, an increase of 14% on a year-over-year basis. Total net revenue for fiscal 2012 was a record $169.2 million, an increase of 27% compared with net revenue of $132.8 million in fiscal 2011.

On a GAAP basis, the Company reported a net loss of $4.3 million, or $0.10 loss per fully diluted share, for the fourth quarter of fiscal 2012, compared with a net loss of $2.1 million, or $0.20 loss per fully diluted share, in the fourth quarter of fiscal 2011. For fiscal 2012, the Company reported a GAAP basis net loss of $8.2 million, or $0.40 loss per fully diluted share, compared with a net loss of $5.3 million, or $0.54 loss per fully diluted share, in fiscal 2011.

The Company reported non-GAAP net income of $0.7 million, or $0.01 earnings per share on a non-GAAP weighted average share basis, for the fourth quarter of fiscal 2012, compared with non-GAAP net income of $0.2 million, or $0.00 earnings per share on a non-GAAP weighted average share basis, in the fourth quarter of fiscal 2011.

For fiscal 2012, the Company reported non-GAAP net income of $5.3 million, or $0.12 earnings per share on a non-GAAP weighted average share basis, compared with non-GAAP net income of $3.1 million, or $0.07 earnings per share on a non-GAAP weighted average share basis, in fiscal 2011. The GAAP to non-GAAP reconciling items, for the fourth quarters and fiscal years 2012 and 2011 can be found in “The Reconciliation of GAAP to Non-GAAP Financial Measures” attached to this press release.

“We are very pleased with our fourth quarter and fiscal year 2012 financial results,” said Robert Thomas, President and Chief Executive Officer at Infoblox. “Our success in the market is testament to our highly-differentiated product portfolio, our strong competitive position and the business-critical need for network automation solutions. As market acceptance and understanding of our automation capabilities grows, more organizations are embracing our solutions to overcome network challenges associated with BYOD, virtualization, cloud computing, and data center consolidation. Infoblox solutions offer customers a simple, reliable and secure way to connect any device with an IP address to the network, and accelerates the time-to-value of these next-generation IT initiatives.”

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