Infoblox Earnings: Here’s Why Investors are Buying Shares Now

Infoblox Inc (NYSE:BLOX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.73%.

Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1300% to $0.14 in the quarter versus EPS of $0.01 in the year-earlier quarter.

Revenue: Rose 39.97% to $63.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Infoblox Inc reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $59.42 million.

Quoting Management: “By all measures, Infoblox had another outstanding quarter and another very strong fiscal year,” said Robert Thomas, president and chief executive officer. “Revenue in the fourth quarter increased 40% year-over-year and was driven by strong product sales, which were up 52% year-over-year. From a bottom-line perspective, we reported solid non-GAAP operating profitability while still investing significantly in our business. Going forward, we enter fiscal 2014 with significant momentum and expect it to be another year of strong execution.”

Key Stats (on next page)…

Revenue increased 8.72% from $58.04 million in the previous quarter. EPS increased 27.27% from $0.11 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.09 and has not changed. For the current year, the average estimate is a profit of $0.31, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)