Radware ups sales, profits once again


Radware ups sales, profits once again

Alex Scroxton

Israeli application delivery networking and security vendor Radware turned in another record set of revenues Tuesday, posting sales of $35.2m (£22.64m), up 30% year-on-year, with GAAP net income up to $1.4m, reversing a $1.7m loss in the year-ago quarter.

Including cash, short and long-term bank deposits and marketable securities, the firm's cash position now amounts to $149.2m, up $35m in the past 12 months as Radware continues to bed in its 2009 acquisition of the Nortel Alteon business.

"Radware has steadily delivered quarter-over-quarter gains for five quarters running now. This continued increase in revenues, in combination with our increase in market share, is a clear indication of our sustained business strength," said president and CEO Roy Zisapel in a statement.

"We believe that with our investments in R&D, differentiated market opportunities and expanded field operations we can continue to grow both top and bottom lines," he added.

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