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Article

Riverbed Tanks

Its revenues were up 35% to $170.3 million, but came in short of analysts expectations of $172.9 million

Riverbed Technology got royally thumped Tuesday when the network equipment start-up posted weaker-than-expected fiscal Q2 revenues because of weakness in Europe, an admission that sent its stock tumbling 28% after-hours.

Its revenues were up 35% to $170.3 million, but came in short of analysts expectations of $172.9 million. Earnings came to $34.9 million or 21 cents a share.

Maybe the reaction was due to its buying Zeus Technology in England, a cloud traffic manager, and Aptimize in New Zealand that does web content optimization.

It's paying $110 million for Zeus plus a possible $30 million payout. Terms for Aptimize weren't disclosed.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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