Ruckus Wireless reported Q4 2015 revenue of $100.1 million, an increase of 16.6% from the fourth quarter of 2014. GAAP net income was $2.8 million for the fourth quarter of 2015, compared with GAAP net income of $2.9 million for the fourth quarter of 2014. GAAP operating income was $3.5 million for the fourth quarter of 2015, compared with GAAP operating income of $3.2 million for the fourth quarter of 2014.
“Our fourth quarter revenue was impacted by a multi-million dollar E-rate opportunity that was postponed late in the quarter. Nevertheless, we achieved non-GAAP operating margin at the high-end of guidance, demonstrating strong operating execution,” said Selina Lo, president and chief executive officer, Ruckus Wireless. “I believe our strategy remains sound and our product portfolio differentiated, keeping Ruckus in a position to outgrow the market again in 2016. We are equally focused on driving bottom-line growth in 2016, and we are committed to grow earnings faster than revenue, driving operating margin expansion throughout the year.”
A few notes:
- 11ac access points in aggregate accounted for 79% of access point product sales in the fourth quarter of 2015, up from 74% in the third quarter of 2015. Wave 2 comprised 11% of access point product sales in the fourth quarter.
- The company reported 16.6% year-over-year revenue growth for the quarter; Americas revenue grew 17.3%, EMEA revenue grew 25.4% and APAC revenue grew 5.9% as compared to the fourth quarter of 2014.
- Added 11 new service provider end-customers in the fourth quarter of 2015, bringing the total service provider end-customer base to over 260.
- Added approximately 4,300 enterprise end-customers in the fourth quarter of 2015, bringing the total enterprise end-customer base to over 65,000.
