Infoblox Reports Fourth Quarter and Fiscal Year 2016 Results
Infoblox Inc. (NYSE:BLOX), the network control company, today reported its financial results for its fourth fiscal quarter and fiscal year ended July 31, 2016. Total net revenue for the fourth quarter of fiscal 2016 was $86 million. Total net revenue for fiscal 2016 was a record $358 million, an increase of 17% compared with the total net revenue of $306 million in fiscal 2015.
On a GAAP basis, the Company reported a net loss of $10 million, or $0.18 net loss per diluted share, for the fourth quarter of fiscal 2016, compared with a net loss of $5 million, or $0.08 net loss per diluted share, for the fourth quarter of fiscal 2015. For fiscal 2016, the Company reported a GAAP basis net loss of $14 million, or $0.24 net loss per diluted share, compared with a net loss of $27 million, or $0.48 net loss per diluted share, in fiscal 2015. On a non-GAAP basis, the Company reported net income of $4 million, or $0.08 net income per diluted share for the fourth quarter of fiscal 2016, compared with net income of $7 million, or $0.12 net income per diluted share for the fourth quarter of fiscal 2015. For fiscal 2016, on a non-GAAP basis, the Company reported net income of $26 million, or $0.43 net income per diluted share compared with net income of $23 million, or $0.38 net income per diluted share, in fiscal 2015.
“We had a strong finish to fiscal 2016,” said Jesper Andersen, president and chief executive officer. “Fourth quarter revenue grew 5% sequentially, and we achieved record fiscal 2016 revenue. We delivered this top line growth while generating strong cash flow and improving profitability in what continues to be a relatively challenging global business environment,” continued Andersen. “The number of security and cloud related deals grew as we successfully diversified our revenue stream and expanded our addressable market. These achievements are the result of the hard work of our highly talented and committed Infoblox team of employees. Looking forward, we continue to see multiple growth drivers for our business and believe we are very well positioned to execute on the opportunities ahead."