Ubiquiti Reports Strong Q2 Earnings

NEW YORK, NY - Ubiquiti Inc. (UI) reported a profit of $136.8 million in its fiscal second quarter, the company announced Friday.

The New York-based company said it had net income of $2.26 per share. Adjusted for stock option expense, earnings were $2.28 per share.

The computer networking company posted revenue of $599.9 million in the period.