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UPDATE: Infoblox Posts Upbeat FQ1 Profit

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Infoblox (NYSE: BLOX) reported a wider fiscal first-quarter loss.

For the full year, Infoblox now expects adjusted earnings of $0.17 to $0.21 per share on revenue of $204 million to $208 million, versus its earlier forecast of a profit of $0.04 to $0.07 per share on revenue of $195 million to $202 million.

Infoblox posted a quarterly loss of $2.4 million, or $0.05 per share, versus a year-ago loss of $1.8 million, or $0.16 per share. Excluding one-time items, Infoblox earned $0.06 per share.

Its revenue climbed 26% to $49.5 million. The company in September expected adjusted earnings of break-even per share on revenue of $45 million to $46.5 million.

Its gross margin rose to 79.6% from 79%.

Infoblox shares closed at $13.95 yesterday.

Posted-In: profitEarnings News Guidance

 

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