Ubiquiti Inc. Reports 23.5% Revenue Growth in Fourth Quarter

Ubiquiti Inc. reported a rise in both profit and revenue for its fourth quarter, with revenue growing 23.5% to $937.32 million compared to $759.15 million in the same period last year.

Earnings for the quarter rose to $284.90 million, or $4.70 per share, up from $266.70 million, or $4.41 per share, in the previous year. The company reported adjusted earnings of $286.45 million, representing $4.73 per share.