Ruckus Wireless posted revenue for the fourth quarter of 2014 of $85.9 million, an increase of 17.6% from the fourth quarter of 2013. GAAP net income was $2.9 million for the fourth quarter of 2014, compared with $0.7 million for the fourth quarter of 2013. GAAP operating income was $3.2 million for the fourth quarter of 2014, compared with an operating loss of $0.2 million for the fourth quarter of 2013.
Ruckus said its revenue for the quarter was impacted by delays in North America education spending as a result of anticipated E-Rate funding in 2015. During the quarter, Ruckus added 14 new service provider end-customers and approximately 60 in 2014, bringing the total service provider end-customer base to over 200. The company also added approximately 4,000 enterprise end-customers in the fourth quarter and 15,000 in 2014, bringing the total enterprise end-customer base to over 48,000.
"Looking back on 2014, we made great progress in growing sales, expanding both gross margin and operating margin, as well as increasing the cadence of new product introductions and innovations. For the year, we reported 24% revenue growth and almost doubled our non-GAAP operating income. We introduced a number of new and innovative products, expanding our solutions portfolio to include software and cloud service offerings," said Selina Lo, president and chief executive officer, Ruckus Wireless.
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