Ruckus Posts Record Quarterly Revenue

Record quarterly revenue led the news in Ruckus Wireless' 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.

The article Ruckus Posts Record Quarterly Revenue originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Ruckus Wireless. Try any of our Foolish newsletter services free for 30 days. 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.