Revenues for fiscal 2009 first quarter were US$52.4 million, up 12% compared with a year ago and 9% over the previous quarter. But the quarterly net loss was nearly $6.4 million, up from a net loss of $639,000 in the year-ago quarter.

The financial results were announced after trading ended Thursday. While Aruba's revenue held up, its stock has not. During the day, Aruba's share price ended at $1.95, a decrease of about 8% for the day, and a big drop from its 52-week high of $15.85. The stock had risen from about $4.29 in mid-July to mid-August but has, with so many others, been dropping every since. (Compare enterprise WLAN products with our .)

On Nov. 14, the board of directors approved an array of cost-cutting measures. This included an unspecified number of layoffs, making Aruba the latest in a their workforces. The measures are designed to reduce operating expenses by about 10%. The company expects the measures to result in at least $2 million in pre-tax savings in the second quarter, and $5 million to $6 million in the latter half of the fiscal year.

Aruba added 700 new customers during the quarter, bringing the total to 6,000. In a statement, President and CEO Dominic Orr said he was "cautiously optimistic about our year-over-year growth prospects even in the tougher ." Education WLAN deployments have been the company's strongest vertical market.

The company has also made some big ticket , especially Airwave Wireless, a WLAN management vendor, for $37 million earlier this year.