Chairman and CEO Jerry Kennelly also took direct aim at Cisco with this comment:
"And anecdotally I'll just add when I go out and visit really big Fortune 100-size companies, you walk in and there is - I'm used to it in the past having to spend the first 10 minutes explaining why we beat [Cisco] and now I walk in the first minute they say no, no, we know Riverbed is the best, let's just get on with the discussion. So, that sort of intense comparison type thing is starting to fade a bit in the market. Our superiority and leadership is just becoming sort of taken for granted even with the biggest companies."
Addressing Riverbed's core business, Kennelly said the company's strong performance and outlook prove that CIOs are still finding great value in effective WAN-optimization solutions. And in a broader sense, Kennelly said, Riverbed is addressing what has perhaps become CIOs #1 concern - as we here at Global CIO call it, Lowering The Cost Of Infrastructure.
Among the 500 new customers Riverbed acquired in the first quarter were a top 10 company from the Forbes Global 100; two of the largest global insurance companies; and a well-known media company with annual revenue "in the tens of billions," Kennelly said, adding that 54 of the Forbes Global 100 are now Riverbed customers.