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European performance buoys Blue Coat Q2

Microscope contributor

Network application delivery specialist Blue Coat Systems has benefited from improving conditions in both Europe and the US recording sequential growth in its second quarter.

Total net revenue of $120.4m was just 1% higher than the same period last year for the three months ended 31 October but was up by 4% compared to Q1.

Net income of $8.4m also compared favourably to a net loss in fiscal 2009 of $0.3m.

Brian NeSmith, president and CEO at Blue Coat Systems, said that it had gained business with the government in the US and enterprise spending was also holding up.

“We experienced sold sequential revenue growth in North America and in Europe,” he said.

He added that enterprise customers were looking for technology that would help reduce network costs and improve productivity.

The Q2 numbers from Blue Coat and the comments from NeSmith about the interest in networking echo the experience of Brocade which also saw its Q1 results buoyed by a surge of interest in the networking sector.


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