Ruckus Posts Record Quarterly Revenue

By Eric Volkman – Feb 12, 2013 at 6:40PM

NYSE: RKUS

Ruckus Wireless, Inc.

The wireless equipment supplier posts its best-ever top-line figure in its Q4.

Record quarterly revenue led the news in Ruckus Wireless' (RKUS) Q4 and 2012 earnings results. For the quarter, the company had its highest-ever revenue figure -- $62 million, 51% higher than in Q4 2011. Non-GAAP net income totaled $6.1 million ($0.07 per diluted share), against the year-ago quarter's $4.9 million ($0.07).

On average, analysts had been expecting a top line of $60.5 million and EPS of $0.05.

For the full year, Ruckus saw revenue of $215 million, a 79% year-over-year increase. Net was $42.9 million, against 2011's $7.4 million.

The company provided guidance for the current quarter, which ends March 31. For the period, it expects revenues of $62 million to $64 million, and EPS of $0.03 to $0.04.

Fool contributor Eric Volkman and The Motley Fool have no position in Ruckus Wireless. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.