Aruba Networks Posts Record Revenue, Beats Consensus

Aruba Networks (NASDAQ:ARUN) released its 2011 second quarter earnings report Thursday after the bell. The company posted record revenue of .9 million in the Q2 ended January 31, 2011, a 50% year-over-year increase.

Earnings of .3 million, or .14 per share, narrowly beat out consensus estimates for .13 per share by a penny. This is up from .3 million, or .06 a share, in Q2 2010.

Dominic Orr, President and Chief Executive Officer of Aruba, said, “We continue to see broad demand for our mobility solutions across all major geographies, as evidenced by our record revenues, 50% year-over-year growth and 13% sequential growth. Enterprises are facing intensified proliferation of tablet and smartphone devices, and IT’s ability to rapidly and affordably deliver secure mobile access for these devices is critical. This requires a user-, device- and application-centric approach to the network edge. We believe that the enterprise network is transitioning from a wired centric to a mobility centric architecture and the market is recognizing Aruba’s unique ability to address the requirements of this new architecture. During the quarter, we saw robust growth from the general enterprise and our core verticals, an increase in the number of larger potential deals in the pipeline, and the addition of a record 1,000+ new customers.”

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