Revenue grew 5.4% year over year, to $238 million, $4.5 million short of analyst consensus. Adjusted earnings fell 10%, to $0.18 per share, matching Street targets exactly.
Shares fell as much as 11% in after-hours trading on the news. The company will provide guidance for the coming quarter in this evening's analyst call. Analysts currently expect non-GAAP earnings of $0.26 per share on roughly $265 million in revenues for the second quarter.
"Our competitive differentiation remains strong, and we are well positioned to benefit from the current trends driving enterprise IT spending, such as 'big data,'" said CEO Vivek Ranadive.