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Radware Racks Up Record Q4

Light Reading
News Analysis
Light Reading
1/31/2005

Switch manufacturer Radware Ltd. (Nasdaq: RDWR) posted its fourth-quarter and annual results today, reporting record quarterly revenues of $19 million, up 27 percent on 2003’s fourth quarter, although this was slightly below analyst estimates of $19.3 million (see Radware Announces Record Q4).

Fourth-quarter earnings per share were 22 cents on net income of $4.3 million, up from 13 cents and net income of $2.5 million in the same period last year. This was in line with analyst expectations.

For 2004, total revenue was $68.4 million, up 25 percent on the $54.8 million recorded in 2003, just beating analyst estimates of $68.39 million. Annual earnings per share were 70 cents on net income of $13.8 million, up from 34 cents on $6.4 million for 2003. This was in line with analyst estimates.

Speaking on a crackly conference call earlier today, Radware execs attributed the strong performance to the company’s SynApps technology package, which includes bandwidth management, intrusion prevention, and denial-of-service protection.

Read the whole story at Next-Gen Data Center Forum.

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

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