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To: stockman_scott who wrote (47785)1/21/2009 12:09:24 AM
From: Elroy  Read Replies (2) | Respond to of 57684
 
Riverbed Announces Preliminary Fourth-Quarter Financial Results
Revenue and Non-GAAP EPS Expected to Exceed Previous Guidance
Tuesday January 20, 2009, 5:06 pm EST

finance.yahoo.com

SAN FRANCISCO--(BUSINESS WIRE)--Riverbed Technology (NASDAQ:RVBD - News) today announced that it expects fourth quarter fiscal 2008 revenues of approximately $91 to $92 million, representing a Riverbed® record for quarterly revenue, and approximately 20% growth over the same period one year ago. Fourth quarter GAAP EPS is expected to be in the range of $0.29 to $0.33 per diluted share. GAAP EPS estimates benefit from the expected reduction of the valuation allowance on Riverbed’s deferred tax assets. Fourth quarter non-GAAP EPS is expected to be in the range of $0.18 to $0.19 per diluted share. Non-GAAP EPS excludes the impact of stock-based compensation, stock-based payroll expenses and related income tax effects, and the reduction in the valuation allowance related to deferred tax assets.

These preliminary fourth quarter revenue and non-GAAP EPS results exceed the guidance the company provided on October 23, 2008. At that time, the company estimated revenue between $87 and $90 million and non-GAAP earnings between $0.15 and $0.17 per share.