Tuesday, July 22, 2008

Radware Posts Q2 Revenues of $24 Million

Radware reported Q2 revenues of $24.0 million, an increase of 12% compared with revenues of $21.5 million for the second quarter of 2007 and an increase of 8% compared to revenues of $22.2 million for the first quarter of 2008. Net loss on a GAAP basis for the second quarter of 2008 was $7.1 million or $0.36 per diluted share, compared to a net loss of $8.3 million or 0.42 per diluted share in the first quarter of 2008 and to a net loss of $4 million or $0.21 per diluted share in the second quarter of 2007.


"The strategic and tactical plans set forth in the first quarter are proving to be successful and are enabling Radware to make real headway in the ADC market," said Roy Zisapel, President & CEO of Radware. "With the introduction of APSolute Immunity, our new security strategy and key partnerships such as joining Juniper Networks J-Partnership program as a major application delivery solutions provider, we are well positioned for continued growth in the next quarters." http://www.radware.com

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