Ubiquiti Networks reports Q4 2018 financial results

Ubiquiti Networks, Inc. (NASDAQ: UBNT) has announced results for its fourth quarter fiscal 2018 ended June 30, 2018, the company said.

For the quarter: Revenues were USD 269.8 million, increasing 18.0% year-over-year; GAAP diluted EPS of USD 0.94, increasing 27.3% year-over-year; Non-GAAP diluted EPS of USD 1.01, increasing 34.7% year-over-year; and Repurchased 586,924 shares of common stock at an average price of USD 70.11 per share.

The company´s board of directors (the “Board”) declared a USD 0.25 per share cash dividend payable on September 10, 2018 to shareholders of record at the close of business on September 4, 2018.

Ubiquiti Networks, founded in 2005, sells equipment, and provides the related software platforms, worldwide through a network of over 100 distributors and on-line retailers. The company has a very broad installed base with over 70 million devices sold in over 200 countries and territories around the world. Ubiquiti aims to connect everyone to everything, everywhere.