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TELECOMWORLDWIRE-May 9, 2014-Aerohive revenue grows 42% in Q1 2014
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Aerohive Networks (NYSE: HIVE) said its total revenue for the first quarter of 2014 was USD28.2m, an increase of 42 percent, compared with USD19.8m in the first quarter of 2013.
Software subscriptions and service revenue was USD3.4m, or 12 percent of total revenue for the quarter, compared with USD1.8m, or 9 percent of total revenue in the first quarter of 2013.
For the first quarter of 2014, GAAP net loss was USD8.9m, compared with USD10.3m in the first quarter of...