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Home / International Customs / Aerohive Networks revenues down 10% to USD 42 mln in Q4
Aerohive Networks revenues down 10% to USD 42 mln in Q4

Aerohive Networks revenues down 10% to USD 42 mln in Q4

WASHINGTON: Aerohive Networks reported revenues in the fourth quarter down 10 percent to USD 41.7 million a year ago. Software subscription and services revenue was USD 8.8 million, or 21 percent of total revenue for the quarter, compared with USD 7.3 million, or 16 percent of total revenue, for the fourth quarter of 2015.

The net loss widened to USD 7.3 million compared with a net loss of USD 7.0 million for the fourth quarter of 2015. The gross margin was 68.0 percent for the fourth quarter, up compared with 67.1 percent a year earlier.