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Riverbed revenue rises as telecom carriers spend to beef up networks
April 29, 2014 / 8:16 PM / 4 years ago

Riverbed revenue rises as telecom carriers spend to beef up networks

April 29 (Reuters) - Network equipment maker Riverbed Technology Inc reported an 8 percent rise in quarterly revenue as U.S. telecom carriers spent more to expand and strengthen their networks.

Riverbed reported net income of $3.3 million, or 2 cents per share, in the first quarter ended March 31, compared with a net loss of $8.1 million, or 5 cents per share, a year earlier.

Revenue rose to $265.4 million in the quarter from $246.1 million. (Reporting by Abhirup Roy in Bangalore; Editing by Savio D‘Souza)

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