Infoblox (BLOX) Tops Q3 EPS by 5c; Issues Solid Outlook

Infoblox (NYSE: BLOX) reported Q3 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $78.1 million versus the consensus estimate of $75.25 million.

Infoblox sees Q4 2015 EPS of $0.09-$0.10, versus the consensus of $0.09. Infoblox sees Q4 2015 revenue of $79-81 million, versus the consensus of $78.4 million.

“Our third quarter results highlight continued improvements in execution as we delivered record revenue driven by sequential and year-over-year product revenue growth,” said Jesper Andersen, president and chief executive officer of Infoblox. “We continue to see strong demand for our core DDI solutions with both new customer deployments and existing customers upgrading to the newest version of our products,” continued Andersen. “Our Security solutions continued to perform very well, as customers are focused on securing their most important network services, such as DNS. In the third quarter, we saw an increase in customers in our target customer base, i.e. those with greater than 10,000 employees, purchasing our solutions. Looking forward, we believe the company is well-positioned to build on the momentum.”

For earnings history and earnings-related data on Infoblox (BLOX) click here.

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