Infoblox (BLOX) reported third quarter earnings of $0.11 per share, $0.05 better than the Capital IQ consensus of $0.06, while revenues rose 33.6% year/year to $58 million versus the $55.89 million consensus. The company issued guidance for the fourth quarter with EPS of $0.08-0.09 versus the $0.07 Capital IQ consensus and revenues of $58-59 million versus the $58.03 million Capital IQ consensus. "In the quarter, we saw strong demand across all geographic regions, with no major concentration in any particular verticals. We also had a strong quarter from a profitability perspective, with non-GAAP gross margin, operating margin and earnings per share all exceeding our previous targets. Infoblox's balance sheet was further strengthened, as we exited the third quarter with $192 million in cash, cash equivalents and short-term investments."

Salesforce.com (CRM) reported first quarter earnings of $0.10 per share, in-line with the Capital IQ consensus of $0.10, while revenues rose 28.5% year/year to $893 million versus the $887.3 million consensus. Cash generated from operations for the fiscal first quarter was $283 million, an increase of 33% on a year-over-year basis. Total cash, cash equivalents and marketable securities finished the quarter at $3.1 billion. Deferred revenue on the balance sheet as of April 30, 2013 was $1.73 billion, an increase of 30% on a year-over-year basis, and 31% in constant currency. The company issued in-line guidance for the second quarter with EPS of,$0.11-0.12 versus the $0.12 Capital IQ consensus and revenues of $931-936 million versus the $935.39 million Capital IQ consensus. The company issued guidance for fiscal year 2014 with EPS $0.47-0.49 versus the $0.50 Capital IQ consensus and revenues of $3.835-3.875 versus the $3.87 billion Capital IQ consensus.

Marvell (MRVL) reported first quarter adjusted earnings of $0.19 per share, $0.05 better than the Capital IQ consensus of $0.14, while revenues fell 5.3% year/year to $734.4 million versus the $721.55 million consensus. Non-GAAP gross margin for the first quarter of fiscal 2014 was 54.6 percent, compared to 53.2 percent for the fourth quarter of fiscal 2013 and 54.5 percent for the first quarter of fiscal 2013. The company issued guidance for the second quarter EPS of $0.17-0.21, excluding non-recurring items, versus the $0.18 Capital IQ consensus and revenues of $770-810 million versus the $762.96 million Capital IQ consensus. Under the share repurchase program, Marvell repurchased ~20 million shares for a total of $200 million in the first quarter of fiscal 2014. Over the past eleven quarters, Marvell has repurchased and retired ~204 million shares, or about 29 percent, of its outstanding shares. "Our results in the first quarter were at the high-end of our guidance mainly due to better than normal seasonal demand and share gains in our storage and networking end markets. Starting in the second quarter of fiscal 2014, we expect many of our investments and key initiatives across all of our end markets to produce tangible results. More specifically, we expect growth to be driven by increased traction in areas such as mobile handsets, tablets, connectivity and SSDs."

Mentor Graphics (MENT) reported first quarter earnings of $0.10 per share, $0.05 better than the Capital IQ consensus of $0.05, while revenues fell 8.6% year/year to $226.5 million versus the $225.2 million consensus. "Mentor's business was exceptional in the first quarter, with bookings more than doubling year over year," The company issued upside guidance for the second quarter with EPS of EPS of $0.17, excluding non-recurring items versus the. $0.14 Capital IQ consensus and revenues of $245.00 million versus the $238.98 million Capital IQ consensus. The company issued guidance for fiscal year 2014 with EPS of $1.55, excluding non-recurring items, versus the $1.52 Capital IQ consensus and revenues of ;$1.16 billion versus the $1.16 billion Capital IQ consensus.