Gigamon (GIMO) Tops Q2 EPS by 6c

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Go back to Gigamon (GIMO) Tops Q2 EPS by 6c

Gigamon Reports Second Quarter 2016 Financial Results

July 28, 2016 4:16 PM EDT

SANTA CLARA, Calif., July 28, 2016 /PRNewswire/ -- Gigamon Inc. (NYSE: GIMO), the leader in traffic visibility solutions, today released financial results for the second quarter ended July 2, 2016.

Second Quarter 2016 Financial Highlights:

Revenue of $75.1 million, up 46% year over year. GAAP gross margin was 82%, compared to 78% in the second quarter of fiscal 2015. Non-GAAP gross margin was 82%, compared to 79% in the second quarter of fiscal 2015. GAAP net income was $34.0 million, or $0.91 per diluted share, compared to GAAP net income of $38,000, or $0.00 per diluted share, in the... More