This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Infoblox Reports First Quarter Of Fiscal 2013 Results

Infoblox (NYSE:BLOX), today reported its financial results for its first fiscal quarter ended October 31, 2012. Total net revenue for the first quarter of fiscal 2013 was a record $49.5 million, an increase of 25.8% on a year-over-year basis.

On a GAAP basis, the Company reported a net loss of $2.4 million, or $0.05 loss per fully diluted share, for the first quarter of fiscal 2013, compared with a net loss of $1.8 million, or $0.16 loss per fully diluted share, in the first quarter of fiscal 2012.

The Company reported non-GAAP net income of $3.1 million, or $0.06 earnings per share on a non-GAAP weighted average share basis, for the first quarter of fiscal 2013, compared with non-GAAP net income of $0.8 million, or $0.02 earnings per share on a non-GAAP weighted average share basis, in the first quarter of fiscal 2012. The GAAP to non-GAAP reconciling items for the first quarter of fiscal 2013 and 2012 can be found in the "Reconciliation of GAAP to non-GAAP Financial Measures" attached to this press release.

“I am very pleased with the outstanding start to our new fiscal year,” said Robert Thomas, president and chief executive officer. “In the first quarter, we achieved double-digit sequential revenue and product revenue growth, and experienced strong demand across all geographic regions. I believe our results reflect the strength in our comprehensive product portfolio, our competitive position and the market's growing adoption of our automated network control solutions.”

“Strong execution in the October quarter led Infoblox to another quarter of record revenues,” said Remo Canessa, chief financial officer. “Non-GAAP operating margin was 6.9%, and is due to exceeding our revenue and gross margin targets, along with operating expenses decreasing as a percent of revenue.”

Financial Outlook

Infoblox is providing an outlook of anticipated results for the second quarter ending January 31, 2013 and for the year ending July 31, 2013. This outlook is based on a number of assumptions that it believes are reasonable at the time of this earnings release. Information regarding potential risks that could cause the actual results to differ from these forward-looking statements is set forth below and in Infoblox’s filings with the Securities and Exchange Commission.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!


DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

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