Shares of Infoblox (BLOX) were trading up more than 17% after hours, after losing 3% during the regular trading session, following its fiscal first-quarter results.
The networking software and equipment maker reported adjusted income of $3.1 million, or 6 cents a share, whereas analysts had expected the firm to just break even. Revenue came in at $49.5 million, compared to the consensus $46.18 million.
For the second quarter, Infoblox says it�s expecting adjusted earnings of three to four cents a share, on revenue of$50 million to $51.5 million. Consensus was for once cent per share in earnings on $48.29 million in revenue.
For the full fiscal 2013, the company forecast adjusted earnings between 17 and 21 cents a share, ahead of analysts� expectations of six cents. Revenue guidance of $204 million to $208 million was also ahead of the $198.99 million the Street was expecting.
CEO Robert Thomas told Barrons.com that he believes the quarter reflects clients� increased awareness of how important networks are to their businesses’ success. He also notes that this is the first quarter �in a few quarters now that we�ve seen significant growth in every [geographic] region,� with even Europe showing about a 33% increase quarter-over-quarter, despite the continent�s ongoing issues.
Thomas says that while he does not have specific metrics about the company�s market share, he believes Infoblox is �taking market share every quarter.� He points to the fact that the company has not had to discount as heavily as in the past to win customers, and that often its services are as much as 30% more expensive than competitors� options, demonstrating clients� willingness to pay more for Infoblox�s differentiated products.
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