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Radware Doubles Profits From 2003

Light Reading
News Analysis
Light Reading
10/25/2004

Switch manufacturer Radware Ltd. (Nasdaq: RDWR) unveiled its third-quarter results today, posting record revenues of $17.6 million and diluted earnings per share of 19 cents. Revenues were up 25 percent on the third quarter of 2003, and earnings per share were almost double the year-ago figure.

Earnings per share were in line with analyst expectations, and revenues just topped predictions of $17.56 million.

Speaking on a conference call earlier today, Radware CEO Roy Zisapel attributed the company’s performance to an improving global economic climate. “We see a strengthening environment,” he said. “The U.S., Europe, and Asia/Pacific are doing nicely.”

For the full story, go to Next-Gen Data Center Forum.

— James Rogers, Site Editor, Next-Gen Data Center Forum

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