Riverbed Technology Posts Q1 Loss
Riverbed Technology results for the first quarter have been released. For the quarter, revenue totaled $246 million, up from the $182 million in the same period the previous year. This was thanks in no small part to the $52 million contributed by Opnet Technologies, the network-management firm Riverbed acquired last year.
Bottom line, meanwhile, dipped into the red during the quarter. Net loss was a little more than $8.1 million ($0.05 per diluted share), compared to a profit of $6.9 million ($0.04) in Q1 2012.
Riverbed also revised downwards its forward guidance for its current quarter. The firm now expects revenue of $255 million-$260 million, with EPS coming in at $0.21-$0.22. Those figures are lower than market estimates. On average, analysts had expected roughly $273 million and $0.25, respectively.
The article Riverbed Technology Posts Q1 Loss originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Riverbed Technology. The Motley Fool recommends and 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.