Gigamon Reports First Quarter 2017 Financial Results

Non-GAAP Financial Measures

In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and accompanying tables contain certain non-GAAP financial measures that exclude stock-based compensation and related payroll taxes, and income tax effects of stock-based compensation expense. Non-GAAP financial measures do not have any standardized meaning and our non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.  Gigamon considers these non-GAAP financial measures important because they provide useful measures of the operating performance of the company, exclusive of unusual events or factors that do not directly affect what we consider core to our operating performance, and are used by the company's management for that purpose. In addition, investors often use similar measures to evaluate the operating performance of a company.  We present non-GAAP financial measures for supplemental informational purposes only to provide additional information in understanding the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP.  Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures attached to this release.

During the conference call to discuss these financial results, Gigamon expects to give guidance for the second quarter of fiscal 2017 on a non-GAAP basis.   Gigamon does not provide reconciliations of its forward-looking non-GAAP financial measures to the corresponding GAAP measures due to the high variability and difficulty in making accurate forecasts and projections with respect to stock-based compensation and related payroll taxes, and income tax effect of stock-based compensation expense, which are excluded from these non-GAAP measures.  In particular, stock-based compensation and related taxes are impacted by future hiring and retention needs, as well as the future fair market value of Gigamon's common stock, all of which is difficult to predict and subject to constant change. The actual amounts of these excluded items will have a significant impact on Gigamon's GAAP net income (loss) per diluted share and GAAP tax provision. Accordingly, reconciliations of Gigamon's forward-looking non-GAAP financial measures to the corresponding GAAP measures are not available without unreasonable effort.

Legal Notice Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this press release include, but are not limited to, our expectations regarding the future growth of our business and the impact of changes we are making to enable growth. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include our ability to continue to deliver and improve our products and successfully develop new products; customer acceptance and purchase of our existing products and new products; our ability to retain existing customers and generate new customers; the market for network traffic visibility solutions not continuing to develop; competition from other products and services; and general market, political, economic and business conditions.  The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the period ended December 31, 2016. The forward-looking statements in this press release are based on information available to Gigamon as of the date hereof, and Gigamon disclaims any obligation to update any forward-looking statements, except as required by law.

Gigamon

Gigamon (NYSE: GIMO) provides active visibility into physical and virtual network traffic, enabling stronger security and superior performance. Gigamon's Visibility Fabric and GigaSECURE®, the industry's first Security Delivery Platform, deliver advanced intelligence so that security, network and application performance management solutions in enterprise, government and service provider networks operate more efficiently and effectively. See more at www.gigamon.com, the Gigamon Blog, or follow Gigamon on Twitter, LinkedIn, or Facebook.

Gigamon Inc. Consolidated Statements of Income (In thousands, except per share amounts) (unaudited)
	Three Months Ended
	April 1, 2017				April 2, 2016
Revenue:
Product	$	44,010			$	44,662
Service	25,557				22,549
Total revenue	69,567				67,211
Cost of revenue:
Product	10,604				10,707
Service	2,706				2,082
Total cost of revenue	13,310				12,789
Gross profit	56,257				54,422
Operating expenses:
Research and development	20,149				15,358
Sales and marketing	33,441				27,657
General and administrative	9,055				7,995
Total operating expenses	62,645				51,010
Income (loss) from operations	(6,388)				3,412
Other income (expense):
Interest income	356				207
Other expense, net	(117)				(69)
Income (loss) before income tax (provision) benefit	(6,149)				3,550
Income tax benefit (provision)	3,912				(579)
Net income (loss)	$	(2,237)			$	2,971
Net income (loss) per share:
Basic	$	(0.06)			$	0.09
Diluted	$	(0.06)			$	0.08
Weighted average shares used in computing net income (loss) per share:
Basic	36,563				34,633
Diluted	36,563				36,546 Werbung Mehr Nachrichten zur Gigamon Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 09:05 - ARIVA.DE Redaktion Europäische Aktien: Leichte Gewinne im Euro Stoxx 50 (4.875 Pkt.) 16.06.24 - dpa-AFX Linkes SPD-Forum will Mitgliederbegehren zu Haushalt 2025 16.06.24 - Jörg Schulte Volatility, get to stay...?: Wochenrückblick KW 24-2024 - Zwischen KI-Boom und politischen Turbulenzen Sensationelle Umsatzzahlen    Diese Branche erlebt einen wahren Hype! weiterlesen» Anzeige wo-site-teaser-box-17289_site-teaser-box_2024-06-17_08%253A00%253A00_2024-06-18_09%253A00%253A59