UPDATE 2-Aruba Q1 tops Street, sees Q2 above view

viernes 20 de noviembre de 2009 00:37 CET
 

* Q1 adj EPS 4 cents beat est by a cent

* Q1 revenue up 10 pct

* Sees Q2 sales up 22-26 pct to $58-$60 mln

* Sees Q2 adj EPS about $0.05 vs $0.04 est (Recasts; adds outlook from conference call, analyst comments)

By Shrutika Verma

BANGALORE, Nov 19 (Reuters) - Wireless LAN vendor Aruba Networks Inc ARUN.O posted quarterly results that edged past Wall Street expectations, helped by higher revenue at its two segments, and forecast better-than-expected second-quarter results.

"As we enter our seasonally weak second quarter, our pipeline is robust," a company executive said on a conference call with analysts.

The company, the No. 2 wireless LAN provider after Cisco Systems Inc (CSCO.O: Cotización), expects earnings of about 5 cents a share, excluding items, on revenue of $58 million to $60 million.

Analyst on an average were looking for earnings of 4 cents a share, excluding items, on revenue of $57.3 million, according to Thomson Reuters I/B/E/S.   Continuación...