Infoblox Earnings: Here’s Why Investors are Happy Now
Infoblox Inc (NYSE:BLOX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 18.00%.
Infoblox Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 120% to $0.11 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Rose 33.58% to $58 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.06. It beat the average revenue estimate of $56.06 million.
Quoting Management: “We are very pleased with the strong financial results we are reporting for the third quarter,” said Robert Thomas, president and chief executive officer. “We executed well, achieving revenue growth of 34% year-over-year, despite a challenging global economy. We believe the outperformance in the quarter was driven by the compelling value proposition that our solutions deliver, which help networks become more available, automated and secure. Going forward, we are very encouraged by our growth prospects. Our competitive position remains strong, our pipeline is healthy, and we have a large and growing customer base.”
Key Stats (on next page)…