Infoblox CEO Robert Thomas has resigned after serving the enterprise IT vendor for 10 years.
The company board has decided to find a new CEO.
Infoblox said its third fiscal quarter net revenue increased 5 percent to $61.0 million.
The company posted a net loss of $7.4 million for the third quarter of fiscal 2014 compared with a net loss of $0.3 million for the third quarter of fiscal 2013.
Robert Thomas, president and chief executive officer, Infoblox, said: “While we made progress in a few areas of the company, we again experienced challenges in closing seven-figure transactions. Clearly, our top priority is to reaccelerate top-line growth and we are taking actions to improve sales execution. Importantly, we believe our competitive position continues to be strong and our addressable market is growing, and we are optimistic about the opportunities before us.”
Infoblox said its total net revenue will be in the range of $60 million to $61 million for the fourth fiscal quarter.
For the fiscal year ending July 31, 2014, the company currently expects net revenue of $245 million to $246 million.
InfotechLead News Team
