Ruckus Wireless has report that its revenue for the first quarter of 2014 was $75.1 million, this is an increase of 31.1% from the first quarter of 2013. However, its GAAP net income was $0.3 million for both the first quarter of 2014 and 2013. Non-GAAP net income for the first quarter of 2014 was $4.5 million, compared with $2.9 million for the first quarter of 2013.
'Ruckus delivered a strong first quarter and achieved a number of business and financial milestones. We exceeded both our revenue and EPS guidance. We also continued to expand our service provider and enterprise installed base and gain market share. We introduced our first two cloud-based product offerings and began volume shipment of our 802.11ac access point' said Selina Lo, president and chief executive officer, Ruckus Wireless.
In the first quarter of 2014, Ruckus added 13 new service provider end-customers and over 3,000 new end-customers overall, reaching over 36,000 total end-customers worldwide. Today, Ruckus is the second most installed Wi-Fi brand, and the number one brand being evaluated by service providers, according to Infonetics' recent Global Service Provider Wi-Fi survey.
The company has recently introduced the Ruckus Smart Access Management Service (SAMS), bringing together Ruckus Smart Wi-Fi with cloud computing to simplify the provisioning, management and monetization of public Wi-Fi access for SMBs.
