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.
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