Blue Coat FY Q1: Edges Estimates, Names New CFO

| About: Blue Coat (BCSI)

Blue Coat Systems (NASDAQ:BCSI) Tuesdsay afternoon posted slightly better than expected results for its fiscal first quarter ended July 31.

For the quarter, BCSI posted revenue of $116 million and non-GAAP EPS of 23 cents; the Street had been expecting $115.8 million and 22 cents. Revenues weer up 2% sequentially and 13% year over year.

For the second quarter, the application delivery networking company sees revenue of $116 million to $121 million, and non-GAAP profits of 23-28 cents a share. The Street had been expecting $120 million and 24 cents.

Also, Blue Coast announced that Gordon Brooks has been named SVP and chief financial officer, Brooks had been VP-corporate finance at VMware (NYSE:VMW). Before that he was CFO at SpikeSource, and corporate controller at BEA Systems.

Brooks fills a slot vacated in March by Kevin Royal, who became CFO at Maxwell Technologies.

BCSI closed down 3 cents, or .2%, to $17.26.

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Tagged: , Business Software & Services, Earnings
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