Radware (Nasdaq: RDWR - news), a global leader of Intelligent Traffic Management (ITM) solutions that bring certainty to dynamic networks, today reported revenues of $8.1 million for the third quarter 2001. Total revenues for the nine months ended September 30, 2001 were $33.9 million, up from total revenues of $26.1 for the same period of 2000.
Net loss for the third quarter of fiscal 2001 was $3,238 thousand or $0.18 per diluted share, compared to net income of $1,850 thousand or $0.10 per diluted share in the same period of 2000.
"We are focused on bringing RADWARE back to profitability. We remain confident about Radware's growth prospects and market opportunity," said Roy Zisapel, President and CEO of Radware. "Carriers and large enterprises are recognizing that powerful, cost efficient traffic management solutions are critical for their operations. I believe that our technology and business strategy will ensure our continued success despite the current economic downturn."
During the quarter ended September 30, 2001, Radware released the following significant announcements:
- Radware announces immediate availability of Nimda, Code Red and Sadmind/IIS Virus Shields as part of SynApps Application Security Module.
- Radware's Web Server Director Application Switch II named a finalist in the Best of Show Awards at Networld+Interop 2001 Atlanta
- Radware introduces the Application Switch II Platform; delivering the highest performance in the industry.
- Radware opens an office in Seoul Korea
- Gilian and Radware deliver High-Availability Security Solution for web sites
- Radware announces new version to its LinkProof product line
- Interliant Europe to Integrate Radware's ITM Solutions in ASP Infrastructures
- BMC Software and Radware Join Forces to Eliminate eBusiness Uncertainty while helping customers to reduce operation costs
Company management will host a quarterly investor conference call at 8:45 am (EST) on October 31 2001. Participants in the US call: 1-800-230- 1766.
Participants internationally call: 1-612-288-0337. Post View (Replay): October 31, thru November 7, 2001, US participants call: 1-800-475-6701 and international participants call: 1-320-365-3844. Post view listeners use reservation number 608987.
The call will focus on financial results for the quarter ended September 30, 2001, and certain other matters related to the Company's business.
The conference call will be webcast on October 31, 2001 at 8:45 AM (EST) In the "listen only" mode via the Internet at http://www.radware.com/content/about/investor.htm.
About Radware
Radware's suite of Intelligent Traffic Management (ITM) products are designed to optimize the end user experience by eliminating network uncertainty and downtime. Radware's product line combines proprietary next generation application switching technology and open architecture with the industry's leading proven traffic management software. Radware offers a broad range of customized ITM solutions to corporate enterprises, service providers, and e-commerce businesses through the implementation of one or more award winning ITM solutions, including: Web Server Director, Cache Server Director, FireProof and LinkProof. Radware's Application Switches bring certainty to dynamic networks with products that guarantee the best service from click to content. Get certain with Radware. For more information, please visit us at http://www.radware.com.
Interim condensed financial statements for the three months ended September 30, 2001