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UPDATE 1-Aruba Q2 profit tops Street, shares up 13 pct

Wed Feb 25, 2009 4:45pm EST

Stocks

   

* Q2 EPS excl. items tops Street by 2 cents

* Q2 rev $47.7 mln vs. est $45.5 mln

* Added over 500 new customers in the qtr

* Shares up 13 percent

Feb 25 (Reuters) - Aruba Networks Inc (ARUN.O) posted second-quarter results that topped Wall Street expectations, helped by a reduction in operating expenses, sending its shares up 13 percent.

Aruba, which supplies equipment for secured wireless network used in offices, posted a quarterly loss of $6.8 million, or 8 cents a share, compared with a loss of $3.5 million, or 4 cents a share, a year earlier.

Excluding items, it earned 2 cents a share. Analysts were expecting it to break-even.

Revenue for the period rose 17 percent to $47.7 million, beating market estimates of $45.5 million.

Aruba reduced its second-quarter operating expenses by over $2.1 million from the first quarter.

Shares of the company were up 13 percent at $3.12 in trading after the bell. They closed at $2.76 in regular trade Wednesday on Nasdaq.

For the alerts, double-click here [ID:nWNAB7005] . (Reporting by Deepti Govind in Bangalore; Editing by Jarshad Kakkrakandy)



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