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Ruckus Wireless Q1 2015 revenue up 9.4%.

INTERNET BUSINESS NEWS-(C)1995-2015 M2 COMMUNICATIONS

Ruckus Wireless, Inc. (NYSE: RKUS) said its revenue for the first quarter of 2015 was USD82.1 million, an increase of 9.4 percent from the first quarter of 2014.

Revenue for the quarter was impacted by large deals in our North American enterprise business taking longer to close and by continued delays in education spending in advance of the upcoming release of E-Rate funding.

GAAP net loss was USD0.6 million for the first quarter of 2015, compared with GAAP net income of USD0.3 million for the first quarter of 2014. GAAP operating loss was USD1.5 million for the first quarter of 2015, compared with GAAP operating income of USD1.0 million for the first quarter of 2014.

Non-GAAP net income was USD6.5 million for the first quarter of 2015, compared with non-GAAP net income of USD7.0 million for the first quarter of 2014. Non-GAAP operating income was USD6.8 million for the first quarter of 2015, compared with non-GAAP operating income of USD7.2 million for the first quarter of 2014.

GAAP diluted net loss per share was USD0.01 for the first quarter of 2015, compared with USD0.00 for the first quarter of 2014. Non-GAAP diluted net income per share was USD0.07 for the first quarter of 2015 and 2014.

Headquartered in Sunnyvale, CA, Ruckus Wireless, Inc. is a global supplier of advanced wireless systems for the rapidly expanding mobile Internet infrastructure market. The company offers a wide range of indoor and outdoor smart Wi-Fi products to mobile carriers, broadband service providers, and corporate enterprises, and has approximately 52,000 end-customers worldwide.

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Publication:Internet Business News
Article Type:Brief article
Geographic Code:1USA
Date:May 1, 2015
Words:289
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