Aruba Networks' fiscal fourth-quarter earnings increased over last year's small profit due to strong Wi-Fi sales in the enterprise.
The firm saw its profit reach $68.2 million, up from $423,000 in the year-ago quarter. Earnings per share jumped to 57 cents from break-even a year ago, and Aruba's revenues increased 47 percent to $113.8 million.
Aruba CEO Dominic Orr attributed the jump in revenue to its existing customer base and its rapid customer acquisitions. He specifically cited the increased adoption of mobile phones accessing Wi-Fi networks in the enterprise.
"Mobile device adoption continues to accelerate resulting in proliferating demand for enterprise mobility solutions," Orr said in a release. "Revenue from the existing customer base remains strong and we are especially encouraged by our rapid new customer acquisitions adding over 4,500 customers in the last twelve months. With robust Q4 bookings and a solid pipeline for our wireless LAN solutions, we enter our fiscal 2012 confident in our ability to grow faster than the market and increase our market share.
For more:
- see this release
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