Gigamon Posts Strong Growth in 1st Quarter as Public Company

Gigamon reported Q2 revenue of $32.4 million, compared to $22.5 million in the second quarter of fiscal 2012. GAAP net loss for the second quarter of fiscal 2013 was $7.9 million, or $0.41 per diluted share, compared to GAAP net income of $1.3 million, or $0.08 per diluted share, in the second quarter of fiscal 2012.

"In our first quarter as a public company, we delivered solid revenue growth of 44% year-over-year," said Paul Hooper, CEO of Gigamon. "Our Visibility Fabric enables our customers to gain higher levels of visibility into their IT infrastructure by delivering the right network traffic to the right management system, at the right time.  We believe our market is significantly underpenetrated, and through our broad, intelligent and scalable solution, we believe we are well-positioned to capitalize on this exciting growth opportunity."

http://www.gigamon.com