Reuters logo
Network gear maker Riverbed cuts revenue forecast
July 14, 2014 / 12:50 PM / in 3 years

Network gear maker Riverbed cuts revenue forecast

July 14 (Reuters) - Network equipment maker Riverbed Technology Inc cut its second-quarter adjusted revenue forecast, hurt by lower sales in North America due to longer sales cycle of some of its large deals.

The company cut its revenue forecast to $264-$265 million from $274-$280 million.

The company also said it now expects second-quarter adjusted profit at the low end of its previous forecast of 26-28 cents per share. (Reporting By Lehar Maan in Bangalore; Editing by Maju Samuel)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below