Silver Spring Networks (SSNI) Tops Q2 EPS by 7c
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Silver Spring Networks and CPFL Energia Expand Leading Brazilian Smart Grid Program with Distribution Automation
August 5, 2015 4:05 PM EDTCPFL Leverages Silver Springs Multi-Application Platform for One of the Largest Grid Reliability and Distribution Automation Programs in South America
REDWOOD CITY, Calif. & SÃO PAULO--(BUSINESS WIRE)-- Silver Spring Networks (NYSE: SSNI) and CPFL Energia, Brazils largest private electricity group, today announced an extension of their smart grid program, with the addition of a grid reliability and Distribution Automation program for cities in the interior of the state of São Paulo. The expansion of CPFLs smart grid program leverages the existing... More
Silver Spring Networks Reports Second Quarter 2015 Financial Results
August 5, 2015 4:01 PM EDT
9% Growth in Non-GAAP Revenue
41% Growth in Non-GAAP
Gross Profit
19% Top-Line Growth in Managed Services and SaaS
$9.6
Million in Positive Cash Flow from Operations
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced financial results for its second quarter ended June 30, 2015.
Second Quarter Results (all comparisons made are against the prior year period, unless otherwise stated)
Non-GAAP revenue $69.1 million, up 9%. GAAP revenue $77.2 million, up 85%. Non-GAAP gross margin 42%, up 10 points.... More