Infoblox Beats Q4 Expectations, Shares Surge
Shares of Infoblox Inc (NYSE: BLOX) jumped over 8 percent in after-hours trading after the company reported better-than-expected results for its fiscal fourth quarter.
The Santa Clara, California-based company posted a quarterly net loss of $4.7 million, or $0.08 per share, versus a year-ago net loss of $9.5 million, or $0.17 per share. Excluding items, non-GAAP net income surged to $0.12 per share from $0.03 per share.
Its total net revenue for the quarter climbed 34 percent year-over-year to $87.0 million. However, analysts were expecting a profit of $0.10 per share on revenue of $80.57 million.
The average estimate among 14 Estimize users was for earnings of $0.12 per share and revenue of $81.70 million.
"We had a strong finish to fiscal 2015," said Jesper Andersen, president and chief executive officer. "Sales execution continued to improve as evidenced by our robust top line performance driven by product sales in the fourth quarter. We believe our security and cloud solutions differentiate our platform and have increased our value proposition with our customers and prospects, and contributed to driving larger deals," continued Andersen. "As we look ahead, we see multiple growth drivers for our business and believe we are well positioned for further growth."
For the first fiscal quarter, the company projects adjusted earnings of $0.05 to $0.06 per share, on revenue of $86 million to $88 million. Analysts expected earnings of $0.08 per share on revenue of $82.18 million.
Infoblox shares gained 8.20 percent to $21.50 in the after-hours trading session.
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