Reuters: Technology News: Riverbed posts loss on Opnet acquisition costs

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Riverbed posts loss on Opnet acquisition costs Apr 29th 2013, 20:23 Mon Apr 29, 2013 4:23pm EDT (Reuters) - Network equipment maker Riverbed Technology Inc reported a quarterly loss on costs related to the acquisition of Opnet and other expenses, sending its shares down 9 percent in trading after the bell. The company bought Opnet, which makes software to manage traffic on networks, last year to counter the impact of a slowdown in its business. Net loss was $8.1 million, or 5 cents per share, in the first quarter, compared with a profit of $6.9 million, or 4 cents per share, a year earlier. Excluding items, the company earned 23 cents per share. Revenue rose 35 percent to $246 million.

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