Ruckus Wireless has posted a strong second quarter, with the company's service provider business regaining momentum.
Announced this week, the figures show an addition of 15 new service provider end-customers and over 2,900 new enterprise end-customers during second quarter, reaching over 27,300 total end-customers worldwide.
Revenue for Q2 stood at $63.9 million, representing an increase of 30.6% from the same period last year.
“We had a solid second quarter, achieving 30.6% year-over-year revenue growth and hitting the top end of our revenue guidance," said Selina Lo, president and CEO, Ruckus Wireless.
"In the quarter, our service provider business regained momentum with a record number of new wins and network expansion by existing customers.
"Our strong position in the carrier Wi-Fi market was validated by Infonetics’ Global Service Provider survey published in Q2, which found Ruckus to be the second most installed Wi-Fi brand and the number one brand being evaluated for 2014 deployments.
"Furthermore, our enterprise business continued to perform, adding over 2,900 new end-customers in the quarter.”
Financial highlights include:
• The second most installed Wi-Fi brand and the number one brand being evaluated for 2014, according to Infonetics’ Global Service Provider Wi-Fi survey
• On July 23rd, the company announced the acquisition of YFind Technologies, a pioneer in indoor positioning and real-time location analytics technology