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Infoblox Inc lowers Q2, FY 2014 guidance


Monday, 10 Feb 2014 04:46pm EST 

Infoblox Inc:Expects Q2 2014 net revenue to be about $60 million to $61 million, below the company's prior expectations of $65 million to $66 million.Expects Q2 2014 on a GAAP basis, net loss per diluted share to be in the range of $0.08 to $0.10.Expects Q2 2014 Non-GAAP net income per diluted share to be in the range of $0.10 to $0.12, compared with the company's prior expectations of $0.09 to $0.11 per diluted share.Says the revenue shortfall in the Q2 2014 was primarily attributable to three factors.Says first, while sales through the first two months of the quarter met internal expectations, it experienced a much weaker Jan than expected.Says second, it had fewer $1 million-plus transactions in the quarter than it typically do.Says finally, its Federal business came in below expectations.Expects FY 2014 net revenue to be about $250 million to $254 million, versus the company's prior expectations of $270 million to $276 million.Expects FY 2014 non-GAAP net income to be in the range of $0.30 to $0.34 diluted earnings per share, compared with the company's prior expectations of $0.44 to $0.54 diluted earnings per share.Q2 2014 revenue of $66 million and EPS of $0.10 - Thomson Reuters I/B/E/S.FY 2014 revenue of $275 million and EPS of $0.52 - Thomson Reuters I/B/E/S. 

Company Quote

13.5
-0.29 -2.10%
12:17pm EDT