UPDATE 1-Riverbed Technology Q4 profit beats Street; shares rise

miércoles 4 de febrero de 2009 00:32 CET
 

* Q4 EPS $0.19 tops market estimate by a cent

* Q4 rev rises 21 pct to $92.2 mln vs est $91.3 mln

* Sees Q1 adjusted EPS $0.09 to $0.10

* Sees Q1 revenue $83 mln to $86 mln

* Shares up 13 percent

BANGALORE, Feb 3 (Reuters) - Riverbed Technology Inc RVBD.O posted fourth-quarter results that edged past Wall Street targets as support and services revenue surged 91 percent, and the wide-area data services provider forecast higher first-quarter revenue, sending its shares up 13 percent.

For the first quarter, the company expects revenue of $83 million to $86 million. [ID:nWNAB7696]

"Outlook was little bit more optimistic than some people were expecting," said Signal Hill's Erik Suppiger, who was expecting first-quarter revenue of $82 million.

Riverbed has been beefing up its presence in WAN optimization -- a technology that speeds up applications over networks -- as it takes on rivals like Cisco Systems (CSCO.O: Cotización) and Blue Coat Systems BCSI.O.   Continuación...