LOS GATOS, CA--(Marketwire - 01/04/10) - Procera Networks Inc. (AMEX:PKT - News), a developer of Evolved Deep Packet Inspection (DPI) solutions providing traffic awareness, control and protection for complex networks, today announced preliminary financial results for the fourth quarter ended December 31, 2009. Based on preliminary financial data, the Company anticipates that revenue for the fourth quarter will be in the range of $9.1 million to $9.5 million, or 102% - 111% year-over-year growth. On its third quarter earnings call on November 5, 2009, the Company provided fourth quarter guidance for revenue growth over 100% year-over-year. The company also expects to achieve profitability for the fourth quarter ending December 31, 2009.
"Throughout 2009 we executed on our corporate strategy to become the market leader in Network Traffic Management," said James Brear, president and CEO of Procera Networks. "As a result, we experienced continued momentum among major carriers and exceeded our revenue guidance for the fourth quarter."
The operating information included in this press release is preliminary and subject to change. The Company is in the process of finalizing its financial results for the fourth quarter and fiscal year ended December 31, 2009
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