Aruba Networks posts fiscal 4Q profit

Aruba-NetworksAruba Networks Inc. has declared its fourth quarter financial results for the 2009-10 fiscal. Aruba Networks Inc. makes equipment for the leading wireless network providers of the country.

The company has informed that it has posted a marginal profit in the reviewed quarter. However, it has managed to out perform the estimated figure predicted by the market analysts earlier.

As per the company, it has registered a earning of $432,000 or less than 1 cent per share in the fourth quarter of the fiscal that ended in 31st July 2010.

For its corresponding quarter in the previous year, the company had suffered a loss of $4.5 million or 5 cents per share. So this quarter under review, the company has posted a profit overcoming last year’s loss.

The revenue of the firm has touched $77.33 million in this fourth quarter against $53.33 million in the similar quarter last year. There has been a hike of 45% in the revenue figure in Q4 this year against its like period last year. Earlier the market experts had predicted revenue of $73.53 million in this quarter.