Riverbed Technology Beats on Q4 Revenue

Riverbed Technology (NASDAQ: RVBD  ) has reported its Q4 and 2012 results. For the quarter, the company posted non-GAAP revenues of $239 million, a 17% year-over-year improvement and higher than the average analyst projection of $236 million. Net profit matched the market's expectations, coming in at $46 million ($0.29 per diluted share). This also matched Q4 2011's result.

In fiscal 2012, the company's top line was $840 million, 15% higher on an annual basis. Net was $163 million ($0.99 diluted EPS), against the previous year's $150 million.

Contributing $7 million to the quarter's revenue was OPNET, the software business Riverbed acquired last year. That sale closed in mid-December. In announcing the purchase, Riverbed had given it an equity value of $1 billion and an enterprise value of $921 million.

link


Read/Post Comments (3) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

DocumentId: 2245080, ~/Articles/ArticleHandler.aspx, 4/17/2014 6:38:48 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement