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Blue Coat doubles income in Q2

Blue Coat Systems Inc. reported total net revenue for the second quarter of its second quarter (which ended Oct. 31) was US$120.4 million, an increase of one per cent compared with net revenue for the same period a year ago and an increase of four per cent in the first quarter.

On a GAAP basis, the Sunnyvale, Calif., company reported net income of US$8.4 million in the second quarter compared with net loss of US$0.3 million in the second quarter of fiscal 2009, and net income of US$4.0 million in the first quarter of fiscal 2010.

On a non-GAAP basis, it had net income of $13.1 million in the second quarter compared with $10.1 million in the first quarter of fiscal 2010.

Earlier this month Blue Coat added three more appliances to its lineup: The ProxySG 9000 series of three units are five times faster than other models, the company said. They also support a full Gigabit per second of throughput when deployed in high availability configurations. The ProxyAV 1400 and 2400 units are aimed at high performance inline malware scanning.

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Jim Love, Chief Content Officer, IT World Canada
Howard Solomon
Howard Solomon
Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com

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