Riverbed Technology Inc. (RVBD: Quote) Tuesday reported an increase in profit for the second quarter, driven mainly by a double-digit growth in revenues.
The San Francisco, California-based company's second-quarter net profit was $18.13 million or $0.11 per share, compared to $11.28 million or $0.07 per share last year.
Adjusted income for the quarter rose to $37.35 million or $0.23 per share from $34.89 million or $0.21 per share in the prior-year quarter. On average, 35 analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 17 percent to $198.47 million from $170.30 million in the prior-year quarter. Non-GAAP revenues for the quarter were $198.97 million. Thirty three analysts had a consensus revenue estimate of $194.46 million for the quarter.
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by RTT Staff Writer
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