Gigamon deliver record 47% YoY growth

Traffic visibility solutions provider Gigamon Inc. (NYSE: GIMO) third quarter revenue was USD83.5 million, up 47% year-over-year, the company said.

GAAP gross margin was 83%, compared to 80% in the third quarter of fiscal 2015.

Non-GAAP gross margin was 83%, compared to 81% in the third quarter of fiscal 2015.

GAAP net income was USD6.1 million, or USD0.16 per diluted share, compared to GAAP net income of USD4.3 million, or USD0.12 per diluted share, in the third quarter of fiscal 2015.

Non-GAAP net income was USD14.0 million, or USD0.36 per diluted share, compared to non-GAAP net income of USD8.0 million, or USD0.22 per diluted share, in the third quarter of fiscal 2015.

Cash and investments were USD245 million, up USD17 million from the second quarter of 2016, and up USD58 million from the third quarter of fiscal 2015.

Gigamon provides active visibility into physical and virtual network traffic, enabling stronger security and superior performance.