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Riverbed revenue rises on higher demand
February 7, 2013 / 9:16 PM / 5 years ago

Riverbed revenue rises on higher demand

Feb 7 (Reuters) - Network equipment maker Riverbed Technology Inc’s quarterly revenue rose 17 percent as demand grew for its products that boost data speeds over wide-area networks.

Revenue rose to $237 million in the fourth quarter from $202.8 million a year earlier.

The company’s net income fell 75 percent to $5 million, or 3 cents per share, from $20.2 million, or 12 cents per share.

Excluding items, the earnings were 29 cents per share.

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