Strong Revenue Growth
Revenue for Q1 FY2026 was approximately $187 million, representing a 7% year-over-year increase driven by strong growth in the cybersecurity segment and timing of orders.
Increase in Cybersecurity Revenue
Cybersecurity revenue increased approximately 18% year-over-year, driven by strong growth in both enterprise and service provider customer verticals.
Improved Profit Margins
The company expanded both gross and operating profit margins, with non-GAAP gross profit margin increasing by 1.6 percentage points to 78.7%.
Significant Earnings Per Share Growth
Non-GAAP diluted earnings per share was $0.34, an increase of approximately 21% year-over-year.
Positive Cash Flow and Share Repurchase
Free cash flow for the quarter was $71.7 million, and the company repurchased approximately 761,000 shares of common stock for approximately $15 million.