Riverbed: Preliminary Fiscal 4Q13 Financial Results

Riverbed Technology, Inc. announced preliminary fourth quarter fiscal year 2013 (Q4’13) financial results, exceeding previously announced fourth quarter guidance.

Non-GAAP revenue for Q4’13 is expected to be in the range of $284 million to $285 million, compared to the company’s previous guidance of $270 million to $276 million.

Q4’13 non-GAAP net income is expected to be in the range of $0.30 to $0.31 per diluted share, compared to the company’s previous guidance of $0.26 to $0.27 per diluted share.

“Riverbed executed well to a strong 2013 finish,” said Jerry M. Kennelly, chairman and CEO, Riverbed. “Sales in the fourth quarter exceeded our expectations across all major product lines and geographies, demonstrating strong ongoing demand and the differentiated value that we deliver to customers across our full product portfolio.”

For the first quarter of fiscal 2014, ending March 31, the company expects non-GAAP revenue of $262 million to $268 million and non-GAAP earnings of $0.21 to $0.23 per diluted share.

“Our March quarter outlook, combined with our December quarter revenue and earnings performance, are proof points that our strategy to offer the most complete platform for location-independent computing is beginning to deliver results,” continued Kennelly. “As the leading application performance infrastructure provider, we will continue to focus on delivering shareholder value through strong execution.”