Aerohive Networks (HIVE) Tops Q3 EPS by 1c

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Go back to Aerohive Networks (HIVE) Tops Q3 EPS by 1c

Aerohive Networks Reports Third Quarter 2015 Financial Results

November 4, 2015 4:16 PM EST

Record Revenue of $42.8 Million, up 16% sequentially and 21% year-over-year

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, today announced financial results for its third quarter of 2015, ended September 30, 2015.

Financial Summary

Total revenue for the third quarter of 2015 was $42.8 million, an increase of 16% compared with $36.8 million for the second quarter of 2015 and an increase of 21% compared with $35.3 million for the third quarter of 2014. Software subscription and services revenue was $6.7 million, or 16% of total... More