Gigamon Posts Revenue of $56.7 million, up 44% YoY

Gigamon reported Q3 revenue of $56.7 million, up 44% year-over-year. GAAP gross margin was 80%, compared to 77% in the third quarter of fiscal 2014. Non-GAAP gross margin was 81%, compared to 78% in the third quarter of fiscal 2014. GAAP net income was $4.3 million, or $0.12 per diluted share, compared to GAAP net loss of $3.0 million, or $0.09 per basic and diluted share, in the third quarter of fiscal 2014.

"We continue to differentiate ourselves in this disruptive and high growth market through the delivery of innovative technology and outstanding financial performance," said Paul Hooper, chief executive officer of Gigamon.  "The demand for our Security Delivery Platform portfolio continues to accelerate following 20 of the world's leading security instrumentation vendors supporting our platform. Our leadership position in the visibility market and our rapidly expanding presence in the security market establishes a healthy momentum entering what is typically our strongest quarter of the fiscal year."

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