Riverbed powers to 27% sales growth


Riverbed powers to 27% sales growth

Alex Scroxton
WAN optimisation specialist Riverbed has wrapped up its 24th consecutive quarter of year-on-year revenue growth after sales soared 27% to $112.4m during its first quarter, which closed at the end of March.

GAAP net income rose a more modest 10% to $1.1m during the quarter.

EMEA sales rose 29%, accounting for 28% of total revenue, with northern Europe and the UK proving particularly strong, according to Riverbed CFO Randy Gottfried.

President and CEO Jerry Kennelly said: "WAN optimisation continues to be a spending priority as organisations consolidate and virtualise their IT infrastructure, while maintaining a focus on cost efficiency."

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