Riverbed Technology Beats on Q4 Revenue
Riverbed Technology 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.
The article Riverbed Technology Beats on Q4 Revenue originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Riverbed Technology. The Motley Fool recommends Riverbed Technology. The Motley Fool owns shares of Riverbed Technology. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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